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Auto Sales Up in 2005

Cars sales rise at the end of the year.

Finally good news in the American auto industry, as sales rise 10.3% to end 2005.  

The auto industry has weathered some tough news over the past year, and auto giants Ford and GM are seeing particularly bleak futures.  But, it looks like an upswing is taking place, when compared to the sales figures of 2004 which showed a loss of 4.6% in overall sales.

Unfortunately, the growth was not as healthy as it may appear.  63% of the sales were for commercial vehicles.  In addition, due to aggressive discounts and rebates, margins for new car and used car sales were slim.      

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Posted on Tuesday, January 10th, 2006 at 11:03 am In Auto Warranty  

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