Tag: car sales
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Much of the increases being posted by automakers are due to sales of smaller, fuel-efficient cars, which consumers are selecting in the face of rising gas prices.
All three domestic brands increased their market share in 2011, something that hadn’t happened since 1988.
That isn’t as if poor auto sales weren’t expected, with natural disasters such as Hurricane Irene impacting sales in Atlantic states. And industry pundits such as J.D. Power and even auto manufacturers have significantly lowered expectations of auto sales in 2011.
Not only has General Motors deposed Toyota from its top sales perch and regained the global sales crown, but as an added insult, Toyota now finds itself in third place.