Monthly Sales Report
In the month known for Black Friday sales events, the industry overall finished up 5 percent in November compared to the same month in 2013. The percentage growth, which was coupled with a seasonally adjusted annualized rate of 17.2 million, was highlighted by a 20 percent increase for Chrysler Group, marking another month of double-digit growth for the automaker on pace to increase sales by 14 percent in 2014.
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U.S. Auto Sales showed positive growth in October led by two automakers who have been no strangers to double-digit gains in 2014.
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Nissan, Toyota and Chrysler set the pace for the industry again in May, posting their second consecutive month of double digits gains. Aided by a five-weekend month, the industry overall posted its first double-digit gains in 2014 – an 11 percent year-over-year growth – pushing the seasonally adjusted annual rate (SAAR) to 16.5 million.
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With warmer spring weather finally taking hold, the industry showed promising signs for the second straight month thanks to an 8 percent year-over-year increase in vehicle sales compared to April 2013.
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With severe winter weather making it difficult for customers to get to the showrooms in the beginning of 2014, U.S. sales numbers bounced back in March, as overall industry sales grew 6 percent year-over-year compared to last March.
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