Steel Markets
January 6, 2015
US Auto Industry Ends Year With Big Finish
Written by Sandy Williams
US automotive sales were positive across the board in December. Total sales for 2014 showed a vigorous auto industry aided by low gas prices, a recovering economy and higher employment. Total sales were reported to be 16,522,000 light vehicles.
In the Big Three Detroit manufacturers, General Motors was up 19.3 percent in December and Fiat Chrysler 20.0 percent. Ford sales lagged below expectations with a 1.2 percent year-over-year increase hampered by the changeover for the all-new F-150 and a planned 15 percent reduction in daily rental sales.
