Auto sales up, but fiscal cliff a concern
Dec 04, 2012 | 03:50 PM
| Corinna Petry
CHICAGO The top seven automakers sold 955,717 vehicles in the United States in November, up 3.3 percent from 925,028 the previous month and a 12.7-percent improvement over 848,123 in November last year, according to an AMM analysis.
Year-to-date sales of nearly 11.27 million vehicles were 13.5 percent ahead of almost 9.93 million in the first 11 months of 2011.
Hurricane Sandy spurred some additional sales.
"The East Coasts ongoing recovery from Hurricane Sandy helped drive the seasonally adjusted annual sales rate materially higher, perhaps as much as 0.4 points," Kurt McNeil, U.S. vice president of sales operations at Detroit-based General Motors Co., said. "It benefited our competitors more than GM, given market share patterns," but as 2012 draws to a close "its clear the industry will come in at the high end of our full-year forecast, which is for sales of 14 million to....
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