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U.S. Auto Sales Climb 14% In January

Feb 15, 2013

According to Paul Taylor, Chief Economist for the National Automobile Dealers Association (NADA), U.S. auto sales rose 14% in January, giving the industry a bigger lift to begin 2013 than analysts expected. Demand pushed the seasonally adjusted sales rate to 15.3 million, well above January 2012’s SAAR of 13.97 million.The gains in January were widespread, with several automakers reporting robust sales of large pickups, small cars and crossovers. Car and light-truck deliveries each rose 14% during the month. Fleet shipments and retail demand were also strong. Low interest rates seem to be trumping the slow recovery when it comes to the sales of new vehicles.