UPDATED: Mar 13, 2020
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Sales of new cars rebounded in a huge way in November. So much so that it proved to be the best sales month since the Obama administration launched the “cash for clunkers” incentive program during the start of the most current financial downturn.
For General Motors, much of the news lately has centered around troubles with their electric vehicle, the Chevrolet Volt. Despite that spate of bad news, GM sales were up overall by 6.9 percent from last year.
“We are seeing a broad spectrum of customers return to the market,” said Don Johnson, vice president of U.S. sales operations for General Motors. “Truck sales showed a very solid increase, as we expected, but the momentum building behind our most fuel-efficient vehicles was even stronger.”
Did you note the reference to “our most fuel-efficient vehicles”? GM says that even the Chevrolet Volt posted sales increases, regardless of the safety and defect investigation currently being conducted by the National Highway Transportation Safety Administration (NHTSA) on the electric Chevy after numerous examples caught fire after being crash tested.
For its part, Ford Motor Company saw sales rise by 13 percent in November, despite a 9 percent decline in car sales. That decline evaporated with a 29 percent jump in SUV sales and a 22 percent rise in truck sales. Ford sold a total of 166,865 vehicles compared to 147,338 last year in November.
Of all the domestic brands, it was Chrysler that appeared to be the biggest winner, with a 45 percent sales gain year over year. Chrysler sold an estimated 107,172 cars and trucks in November, and they’ve posted sales gains for 20 straight months in a row. Year to date, Chrysler sales are up 25 percent, and the company has sold a total of 1.2 million vehicles.
“November was another huge month for the Chrysler Group and our highest year-over-year sales gain of 2011,” said Chrysler’s chief of US sales Reid Bigland.