Dealers Enjoy Successful December Sales

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Bloomberg News - January 2, 2013

With December sales figures due out later today, Car and light truck sales in the U.S. probably rose 9.6 percent in December, according to a Bloomberg survey of analysts.

Find out what helped to boost dealers’ great December.

Car and light truck sales in the U.S. probably rose 9.6 percent in December, according to a Bloomberg survey of analysts. That would cap a third-straight annual gain of at least 10 percent, the first such industry streak since 1973.

Lingering replacement demand from owners of damaged vehicles and purchases deferred by superstorm Sandy on the East Coast may have boosted vehicle sales by about 50,000 in December, Credit Suisse Group AG estimated in a Dec. 27 report.

Honda Motor Co’s sales increase in December may lead all automakers with a gain of 31 percent, the average of seven analysts’ estimates. The Tokyo-based automaker introduced a revamped Civic compact and redesigned Accord sedan — its two top-selling models — late last year.

Ford, No. 2 in U.S. auto sales, likely will report a 1.2 percent increase in December deliveries, the average of 10 estimates.

GM, the top-selling automaker in the U.S., probably increased deliveries in December by 2 percent, the average of 10 estimates.

Toyota Motor Corp., poised to take back the title of world’s biggest automaker, probably sold 10 percent more vehicles in December, the average of seven estimates.

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