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Inside this issue
November U.S. Sales Top 15 Million SAAR
Detroit 3 Post Higher Sales as Industry's Rebound Continues
Japanese Automakers Note Gains
VW Brand's Sales Up 29% on Northeast Storm Recovery
GM Moves to Reduce Inventory
A Computer for Your Car's Windshield
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Top Stories
November U.S. Sales Top 15 Million SAAR

U.S. light-vehicle sales as expected topped a 15 million annual rate for the first time in years last month, in part a result of a bounce-back from October when Hurricane Sandy took a chunk out of demand. Sales marched upward to a 15.5 million seasonally adjusted annual rate, the first time since March 2008 the SAAR topped 15 million and the highest since the same total in February 2008. The performance also was well above October's 14.2 million and year-ago's 13.5 million and brought the year-to-date SAAR to 14.3 million, compared with 12.6 million for 11-months 2011.
Source: WardsAuto

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Detroit 3 Post Higher Sales as Industry's Rebound Continues

Chrysler, Ford and General Motors saw their November sales rise by 14%, 6.5% and 3.4% respectively. Industrywide new vehicle sales are expected to increase 12% from November 2011 as rising consumer confidence and more generous holiday incentives bolstered sales.
Source: Detroit Free Press

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Japanese Automakers Note Gains

Nearly seven out of 10 new cars from Japanese brands that are sold in North America are made here as well, the Japanese Automobile Manufacturers Association says in a progress report being released today. The 68% of cars sold in North America is up from 62% in 2008. In addition, the makers bought 43.2 million of parts for their U.S.-made cars last year. While down from the peak production year of 2007, it's now at the highest level since.
Source: USA Today

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VW Brand's Sales Up 29% on Northeast Storm Recovery

The Volkswagen brand posted a 29 percent sales gain last month as customers in the key Northeast market headed to showrooms after Hurricane Sandy, helping give the brand its best November in the United States since 1973. Volkswagen of America reported sales of 36,728 units in November, up from 28,412 units in November 2011 and enough to push year-to-date sales to 394,128 - more than 100,000 units ahead of this time last year. Driving the growth was the strong performance of the brand's core vehicle lines.
Source: Automotive News

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GM Moves to Reduce Inventory

General Motors Co., saddled with large stocks of unsold cars and trucks, is taking steps to cut excess production and signaled there may be more to come. Workers at its Lordstown, Ohio, assembly plant soon will be off the job for three weeks instead of a planned two-week Christmas shutdown as the Detroit auto maker curtails Chevrolet Cruze output. A second U.S. plant also may be idled, according to a person familiar with the matter. The company also said on Monday that year-end inventories of Silverado and Sierra pickups may exceed 220,000 vehicles, in part due to a decision to hold the line on discounts. The higher-than-expected supply will likely push GM's overall car and truck inventory beyond a year-end target of 670,000 vehicles.
Source: The Wall Street Journal

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A Computer for Your Car's Windshield

Auto makers have stuffed their vehicles with a dizzying array of technology over the years, from video screens to Bluetooth wireless to air bags. But one part of the car has remained stubbornly resistant to change: the windshield. That is about to change. Auto makers including General Motors Co. and Daimler are working on specially designed windshields that they hope will one day share with drivers crucial information about their surroundings, helping to improve safety and efficiency. Using a technology known as augmented reality, which overlays real world images with digital ones, these windshields could display driving directions, text messages or impending hazards, all without requiring drivers to take their eyes off the road.
Source: The Wall Street Journal

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Quotable
"We are now surpassing sales records set pre-recession, a true sign that our business has recovered." 

   
-- John Mendel, American Honda Motor Co. executive vice president, commenting on record sales for the month of November, Automotive News, Dec. 3




 


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