December U.S. auto sales expected to rise 14%, J.D. Power says
December 20, 2012
by Nick Bunkley
Car shoppers have been "unfazed" by uncertainty related to the so-called fiscal cliff looming at the end of this month, and U.S. sales are expected to be up 14 percent in December, J.D. Power and Associates and LMC Automotive said today.
The firms estimated this month's seasonally adjusted annualized selling rate to be 15.3 million, slightly below the 15.4 million posted in November. Automotive News calculated the November SAAR to be 15.6 million, which was the highest since January 2008.
If the forecasts prove accurate, total U.S. light-vehicle sales for 2012 would be 14.5 million.
J.D. Power projects a December retail selling rate of 12.2 million units, down from 13.2 million in November but up from 11.3 million in December 2011.
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