- Light vehicle sales increased 7.5 percent over 2012, reaching 15.532 vehicles sold in 2013: December’s volume of 1.352 million units put the final total for the year at 15.532 million, 7.5% above 2012’s 14.442 million and the highest for any year since 16.1 million in 2007. (Wards Auto, 1/3/14)
- 2013 marked the fourth straight annual increase in sales: It made the fourth straight increase from the prior year. If sales increase again in 2014, it will be only the third time in the post-World War II era that demand climbed five straight years. (Wards Auto, 1/3/14)
- Light trucks sales increased 10.5% in 2013, more than twice the increase of car sales (4.9%) (IHS Automotive, 1/9/14)
- Cross utility vehicles and midsize cars were the best selling segments again in 2013, as they were in 2012
- 2014, looking ahead: The global auto industry is expected to produce 85 million sales in 2014, up from an estimated 82 million this year, IHS Automotive said in a forecast Monday. By 2018 sales are forecast to break 100 million, according to the unit of business-information provider IHS Inc.
2013 Sales: Auto Sales Reach Pre-Recession High
Total sales of passenger vehicles in 2012 were 14.4 million, according to WardsAuto. While overall industry sales were up more than 13.4%, consumer demand for cars pushed even higher to an increase of more than 18.9% from the previous year. Truck sales (which include minivans, SUVs, and pickups) increased about 8%. Some of the most important influences on auto sales levels in general are consumer confidence (which is affected by the housing, job and stock markets), consumer credit availability and gas prices.
2013 Sales vs. 2012: US Light Vehicle Sales up 7.5%, Best Year Since 2002
Both Passenger Cars and Light Trucks Are Popular
For the past decade, about half of new vehicle sales have been split between cars and light trucks—minivans, SUVs and pickups. Often consumers choose light trucks for their passenger and cargo capacity, four-wheel-drive features, towing capacity and more.
Automakers sold 15.5 million light vehicles in the U.S. market last year, up 7.5% from 2012, the highest mark since 2007. If forecasts hold true, 2014 could see more than 16 million light vehicles sold.
Steady, Strong Sales Until 2008...and Now Growing Again