Cold weather stalls U.S. auto sales in December

Written By Unknown on Sabtu, 04 Januari 2014 | 18.38

U.S. auto sales fell short of expectations last month, thanks to strong November sales and cold December weather, but the industry is in a good position for 2014, experts said.

General Motors sales fell 6.3 percent last month, Toyota sales fell 1.7 percent, and Ford and Chrysler both missed analysts' expectations.

Still, the industry had its best year since 2007, and the Ford F-series truck was the top-selling vehicle for the 32nd year.

Chris Hopson, an auto analyst for IHS, said he sees a recent trend of strong sales continuing.

"If you look at this five-month period as a whole, it reflects a nice running rate for sales," Hopson said. "The strength that we've seen in the second half of 2013 will continue in 2014."

Hopson said auto sales will follow the trajectory of the economy as a whole.

"We're hoping that sales are going to be supported by a recovery economy," Hopson said.

Both analysts and automakers blamed poor weather for slow sales at the year's end.

"When you start taking a look at the end in terms of when we closed in the month of December, there was some bad winter weather," said Erich Merkle, U.S. sales analyst for Ford.

Michelle Krebs, an analyst with Edmunds.com, said, "The sales pace at the beginning of the month was slower than expected as a lot of places were hit by bad weather."

Hopson said the end of November was strong, and that may have played a factor in the slow month.

"It looks like the pace of sales might have been attributable to sales in November," Hopson said.


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