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Analyst Sees Sharp Rise In December Car Sales (GM, F, TM, HMC)

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By Douglas A. McIntyre Published
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Truecar, a research firm, expects December auto sales to be the best of any month this year. If so, it would be another confirmation that the American consumer has returned to the marketplace.

Truecar reports that

For December 2011, new light vehicle sales in the U.S. (including fleet) is expected to be 1,236,911 units, up 8.1 percent from December 2010 and up 24.4 percent from November 2011 (on an unadjusted basis)

The entire year of 2011 will be strong, as well next, Truecar forecasts

New Car Sales in 2011 are expected to reach nearly 12.8 Million Units,Highest Since 2008; TrueCar Projects 2012 New Car Sales to Reach 13.8 Million Units

Chrysler’s December sales are expected to up up 33% from the same month last year to 134,000. Ford (NYSE: F), which has lost some of last year’s momentum, is only expected to show a 7% improvement in December to 203,000. GM (NYSE: GM) sales are projected to be higher by only 4% to 233,000

Japanese companies will continue to suffer from production slowdowns. Honda’s sales are expected to drop 16% to 109,000. Toyota’s (NYSE: TM) are expected to fall 2% to 174,000

 

 

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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