US auto industry reported the continuous second year positive sales growth after 2009 decline. Easier credits, low interest rates and increasing car demand have helped to increase the car sales for 2011. In 2009, financial crisis had hit the auto market badly. But after that, the US auto market showed continuous positive sales growth.
US auto industry closed the year with 12.7 million unit sales in 2011 which is more than 2010 sales (11.5 million units). Auto analysts are predicting the auto sales in US for 2012 to be around 14 million units. Though in 2011, December sales have not reached its expected digits but November was the better month in the year.
Government has showed that the automakers spends for 2011 on new cars was nearly more than 40 billion dollars than 2009, the total spending on new cars for 2011 is $206 billion. The senior vice president of forecasting at LCM automotive said that, the sales will increase in 2012 because of people interests for replacing their aged cars.
Individually all the major car manufacturers in US got the positive sales growth that has lead to the overall sales growth in US.