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Car Sales Reached Records in November [Summary]

The auto industry was hit pretty hard by the recession, and today, more than 5 years after it started, it is still struggling to get out of it, but there are signs that it is on the road to a complete recovery. Car sales have been going strong over the past couple of months, with the strongest figures recorded in November, when many car makers reported that sales have exceeded even the most optimistic expectations. Enticing discounts and promotions over the holiday weekend, along with plenty of new models, as well as a good labor market, are among the most significant factors that made November an excellent month for almost all car makers.

This past month, car sales were so strong, that they led to a 16.5 million annualized selling rate, which is much higher than last year’s rate of 15.3 million, and the fastest rate since February 2007, when it got to 16.8 million. This was the best November in history, when it comes to monthly car sales in the U.S. Virtually all major manufacturers reported substantial gains in November, with General Motors and Chrysler leading the way.

GM saw a 14% increase compared to the same month last year, with 212,060 vehicles sold, resulting in the best November for the company in six years. Cadillac and Buick were its best-selling brands, with 16,172 and 15,072 units sold, respectively. Chrysler sold 16% more cars than last year’s November, or exactly 142,275 vehicles, with Jeep and Ram as the brands that were demanded the most. GM redesigned some of its more in-demand models, improving their efficiency and updating their exterior, which was a major factor that helped boost sales.

Although Ford had the best November in 9 years, it didn’t stop its market share from dropping 0.3 percent, unlike the other two major American car makers, whose market share improved significantly. Be that as it may, Ford’s sales were up, as well, with a 7% increase. They were able to sell 190,449 vehicles, with the majority of them being F-Series trucks, whose sales rose 16 percent. As far as projections for next year are concerned, Ford plans to build almost 15,000 less units than 2013, due to decreased demand.

Japanese giant Toyota also reported favorable November sales numbers, albeit not as good as the American Big Three. They saw a 10% increase, with the Avalon and RAV4 as the biggest gainers. In total, Toyota sold 178,044 vehicles, 19,477 of which were RAV4, which is a 56% improvement over November 2012. Their Japanese counterparts, Honda, on the other hand, were not as successful, and were one of the few companies that didn’t post such significant gains. Their sales were down 0.1% over last year’s November, which was their best November ever.

If you take into account that the average price for a new car grew when compared to the same period last year, these highly favorable sales numbers are a bit of surprise, but it actually makes a lot of sense when you add the generous incentives car makers offered for Black Friday, reduced unemployment rates, somewhat stable gas prices, and the fact that auto loans have become more affordable, with significantly lower interest rates.

Jordan Perch is an automotive fanatic and “safe sales” specialist. He is a regular contributor to DMV.com, a collaborative community designed to help US drivers.

3 Reasons To Pick Toyota

In New Jersey, the question of the year is what car to buy. After Superstorm Sandy devastated so much of the state, a lot of the attention went to damaged roads, ruined houses and downed power lines. But as every Jersey resident knows, that wasn’t the end of the story. Thousands upon thousands of cars were destroyed – some by flooding, some by the torrential downpour, some by flying debris. Some parked cars washed away altogether and may be lost at sea. And the pressure’s on the replace those vehicles – but with insurance payment delays, many people are taking their time and thinking carefully about what kind of car to buy.

Obviously, everyone has their own favorite make but for a reliable, high quality car our money is on Toyota. Both used and new, Toyotas offer a number of benefits to a prospective owner, including;

Resale Value. If you want to maximize your eventual resale value, Toyota is one of the best investments you can make. Toyota routinely tops the blue book for most value over time. One of the most important aspects of car ownership is making sure you will be able to get good value out of your car at a later time – whether to trade it in directly or to sell it secondhand. Toyota makes sure you come out on top.

Safety. Toyota frequently leads the business in terms of safety features and decks out even its standard-equipped models with the latest and best rated safety equipment. Front and side airbags are now standard on many models, but safety goes far beyond that. Toyota’s six-point safety system includes features to help prevent accidents in the first place, such as better brake, vehicle stability and road traction controls. Thanks to its commitment to safety, 11 different Toyota models won the IIHS Top Safety Pick in 2012.

American Craftsmanship. Many people are surprised to find out that Toyota USA assembles its vehicles – nearly every model – right here in the United States. Although Japanese owned, Toyota has created hundreds of thousands of US jobs and invests heavily in the US economy. By establishing large-scale factories and distribution centers in American communities, Toyota has made a long-term investment in the US and they’re here to stay.

All of New Jersey is working hard to recover from Sandy, and the car you drive should be one you can count on, not another question mark. For our money, Toyota fits the bill for one of the best buys and best long-term investment. You won’t regret cruising down route 22 in a Toyota.

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For more writing by Jillian Johnson follow her @MissWritey.

Australian Auto Parts Manufacturer Autodom set to close

According to The sun herald, Australian major car parts manufacturer autodom maybe set to clos down as early as next week. Autodom is a major car parts supplier to Ford and General Motors inAustralia. Supplier specialised plastic and metal car parts thatbare used by both manufacturers. If this is not resolved as early as next week we could potentially see plants closed down by Ford, Holden and even Toyota who is also supplied by Autodom to a smaller degree than the other two manufacturers.

car Dashboard

According to the article a strong Austrlian dollar against the US dollar as reduced the demand and profitability of Australian car destined for th export market. It also states that reduced market share as a result of lost sales to Hyundai and Mazada who make smaller more fuel efficient cars has also effected demand for thier cars. The flow on effect is less parts being ordered from Autdom which has resulted in the current situation. This will undoubtly lead to direct job losses in areas where these plants are located. Along with indirect job losses in the communities where these plants are located. Continue Reading at…