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U.S. Auto Makers' Party Is Braking Up

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Slowing car sales are expected for Detroit auto manufacturers as Japanese sales recover after the tsunami and earthquake. A major reason for higher sales was pentup demand. Sales reached an annualized 14 million level for 2012. Research firm Polk says the average time a new car was owned went up to 71.4 months, and used cars 49.9 months, in Feb 2012. This is 23% above the level of the third quarter of 2008.

The boost in U.S. car sales from pentup demand since the 2008 financial crisis with 23% increase in the period buyers hold on to new and used cars

04/03/2012

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U.S. Auto Makers' Party Is Braking Up

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Grouped Articles

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