by Bill McBride on 1/04/2012 10:25:00 AM
Wednesday, January 04, 2012
The key number for the economy is the seasonally adjusted annual sales rate (SAAR) compared to the last few months, not the year-over-year comparison provided by the automakers. Once all the reports are released, I'll post a graph of the estimated total December light vehicle sales (SAAR) - usually around 4 PM ET.
From the Detroit Free Press: Chrysler sales up 37% in December; Ford posts 10% gain; GM sees 5% uptick
Chrysler said today sales of new cars and trucks in the U.S. increased 37% in December compared to the same month a year ago ... it sold 138,019 vehicles in December, marking its best month since May 2008.The consensus is for sales to be unchanged from November at around 13.6 million SAAR.
Ford gained a more modest 10% increase in December from a year ago on sales of 210,140 ...
General Motors reported a smaller 5% increase for the month for a total of 234,351 vehicles sold.