December is shaping up to be another good month for the auto companies.
Analysts expect to see strong December sales numbers for General Motors, Ford, Chrysler and other auto makers: Rising consumer demand, new models in the showroom, big year end deals.
Mike Wall with IHS Global Insight says they’re all reasons to expect December to be a good month.
“We still have a fairly old fleet out there…in terms of the average age of vehicles….and we have a consumer base that is starting to reengage the market,” says Wall.
Wall says one very positive sign for automakers is that car shoppers are transitioning from “needing to buy” a new vehicle to “wanting to buy”.
He expects auto sales will continue to improve in 2013, unless the ‘fiscal cliff’ negatively affects car buyers.