According to CNN, auto sales were up in November, but still remained near historic lows. So far this year 12.3 million vehicles have been sold. GM sales were up 11% compared to last year, Ford saw a nearly 20% increase, while Toyota's sales were down 3.2%. As it turns out, we’re all still hesitant to make big ticket purchases.
The overall numbers are an encouraging sign that the recovery is taking hold, and consumers are once again confident enough to purchase big ticket items, said Jesse Toprak, vice president of industry trends at TrueCar.com.
When comparison is limited to the four brands GM (GM) still sells -- Chevrolet, Buick, GMC and Cadillac -- sales rose 21% over last year. The 11% figure includes sales for discontinued brands such as Saturn and Pontiac.
"November sales results are consistent with our expectations and show that the plan we laid out earlier this year to steadily grow in the U.S. market is working," Don Johnson, vice president, U.S. sales operations said in a statement.