Good news — the hype and fearmongering over the so-called “fiscal cliff” is not having an impact on domestic auto sales. In fact November sales reached their highest point since 2007.
Chrysler, Ford and General Motors saw their November sales rise by 14%, 6.5% and 3.4% respectively.
Industrywide new vehicle sales are expected to increase 12% from November 2011 as rising consumer confidence and more generous holiday incentives bolstered sales. [...]
“Even with all the talk of a looming fiscal cliff, Chrysler Group is well positioned for a strong sales finish to the year,” said Reid Bigland, Chrysler’s head of U.S. sales and CEO of the Dodge brand said in a statement. “We are expecting a strong December as the industry continues to recover from the East Coast hurricane and consumers continue to respond to our popular year-end Big Finish event.”
Chrysler saw its 32nd consecutive month of sales growth during the month of November. Because, you know, the company imploded just as predicted after they received a federal bailout.
“Let Detroit Go Bankrupt” will likely be remembered as a defining position of the Republican party at this current period in our history. Mitt Romney may have written the column, but it was adopted by the entire party as their official position on rescuing the auto-industry. And they rode that position all the way to electoral defeat.