November, a Great Month for US Auto Industry

A few interesting model launches and a visible recovery in the consumers' appetite for new vehicles, combined with the image comeback for the American manufacturers which last year were struck by bankruptcy may cause the sales numbers for the month of November to show perhaps the highest levels of the year.

According to Autonews, citing industry analysts, the US automotive market managed to absorb 12.2 million vehicles (annual rate), only 100,000 units below last year's high, when the government’s Cash for Clunkers program was in full effect.

“Domestics will be up by a huge number this month, with a lot of it coming from strong truck and SUV sales,” said Jessica Caldwell, analyst for researcher Edmunds told Autonews. “Plus we’ve seen higher demand in the last few months as gas prices have been stable for some time.”

As said, the recovery of both Chrysler and GM may help boost the sales figures in the months to come as well. The recently found faith in GM, following the carmaker's successful initial public offering, may lead to a 13 percent rise in deliveries.

Chrysler's love story with Fiat, combined with an entirely new, more European approach to doing business, may see the carmaker register a whooping 26 percent increase. As for Ford, the single Detroit 3 giant to have escaped 2009 without filing for Chapter 11, its sales number may show an over 20 percent increase in sales.

All of the above figures are based on estimates made by auto analysts. As usual, the first few days of next month will shed more light on the performances achieved by the American manufacturers.