U..S. Auto Sales Probably Hit Pre-Meltdown Levels in FY12 (F) (GM) (TM)

January 2, 2013 9:00 AM EST
Ford (NYSE: F), General Motors (NYSE: GM), Toyota (NYSE: TM) and others are higher early amid a new deal being reached over the pending fiscal cliff, not to mention positive sentiment behind December U.S. sales expectations.

According to Bloomberg-compiled data, auto sales should rise about 9.6 percent in the month. That would put the number at 1.36 million for annual deliveries of 14.5 million units, the best number since 2007.

Deliveries were about 13.6 million last year and averaged 16.8 million from 2000 to 2007. Deliveries dropped to 10.4 million in 2009.

Ford deliveries probably rose 1.2 percent in the month, General Motors possibly popped 2 percent, and Toyota might have seen 10 percent of upside.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Retail Sales

Add Your Comment