Auto Sales Spike in 2011

Auto Sales Spike in 2011

by Danielle Cotterman on January 11, 2012

Good news for the auto industry….sales were up last year and there’s signs that this year will be just as good.

Both domestic and foreign brands saw the spike. General Motors saw a 13% increase from last year, Chrysler a 26% increase and Ford sales were up 11%…selling 2 million vehicles for the first time since 2007. President of Local McHugh Dodge-Jeep Tim McHugh said they saw the increase as well.

"After 08′ there was a period of time, months, where we only sold 3-4 new cars," said McHugh. "We were averaging 25 new cars to 30 new cars a month, to go from that down to 3 or 4 is not fun."

McHugh credits in-part the slow rising economy for the sale increase, but thinks it’s mainly tied to the driver’s need. He said the average vehicle on the road today is more than 10-years-old, which is up about two-and-a-half years more than the average in years past.

"The economy is getting a little bit better, but also I think people have put it off so long now they have to do something," said McHugh.

Nissan Motors posted a 15% increase for the year – despite disruptions stemming from the March Earthquake and Tsunami that hit Japan.