October took a slight nose-dive following Hurricane Sandy, but J.D. Power and LMC Automotive take a closer look at the first 10 months of 2012.
Where does the industry stand year-to-date?
In looking at sales during the first 10 months of the year, deliveries remained up in double digits from a year ago. Total sales (retail and fleet) increased 13.4% from a year ago. Close to 12 million (11.97 million) new cars and light trucks have been sold so far this year—up from 10.52 million units in the same period of 2011.
On a year-to-date basis, Toyota and Volkswagen Groups reaped the largest sales gains, as each of these groups sold nearly one-third more new vehicles this year than in 2011. Fiat-Chrysler Group also posted a strong performance—sales were up 22% in the first 10 months from last year’s same time frame.