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January Car Sales To Stay Strong–Truecar

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By Douglas A. McIntyre Published
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Car sales in the US continue to defy economic gravity. After a 2011 in which sales rose sharply despite a shaky economy, Truecar says January sales will continue the trend. It is a sign that consumer spending has rebounded at least when it comes to the fairly expensive purchase of cars and light trucks

Truecar reports

For January 2012, new light vehicle sales in the U.S. (including fleet) is expected to be 874,481 units, up 6.7 percent from January 2011 and down 29.6 percent from December 2011 (on an unadjusted basis) The January 2012 forecast translates into a Seasonally Adjusted Annualized Rate (SAAR) of 13.6 million new car sales, up from 12.7 million in January 2011 and flat at 13.6 million in December 2011

GM’s (NYSE: GM) fortunes will drop a bit, with its forecast sales down 9.4% and its market share at 18.6%. Ford (NYSE: F) is expected to do better with an 8% improvement in sales and a share of 15.7%. Toyota’s (NYSE: TM) sales are finally expected to rebound after a year of trouble because of the Japanese quake. Its sales are forecast to rise 11.2% to a market share of 14.8%

Photo of Douglas A. McIntyre
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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