Seeking Alpha

U.S. auto sales are expected to cap off the best year for the industry since 2007 with a...

U.S. auto sales are expected to cap off the best year for the industry since 2007 with a projected 9% rise for December to an annual sales pace of ~15.2M vehicles, helped in part by higher incentive spending on pickup trucks. But a strong end to the year could be overshadowed by concerns that consumers will curb spending in January due to the fiscal cliff.
Comments (4)
  • boundiron
    , contributor
    Comments (28) | Send Message
     
    FIAT doesnt seem to get recognition that its part of the US, much less worlwide market presently. Did everybody forget that Chrysler had a great quarter, and taht new models are coming here from excess capacity in Italy et al>?
    28 Dec 2012, 12:07 PM Reply Like
  • Tdot
    , contributor
    Comments (3299) | Send Message
     
    Chrysler sales under post-bankruptcy Fiat-ownership should be compared with recent, stable, historical figures before the Great Recession.

     

    From 2001 to 2007, Chrysler averaged about 2.2 million in the home market. That is the benchmark that should be looked to, not the "dramatic" rise from under a million units in 2009, and 1.37 million in 2011. At present, Chrysler is looking to clear maybe 1.6 million units in 2012 - which is nice and all, but is still 30% below a reasonable target.

     

    Currently, apart from Chrysler's quarterly donations, Fiat is losing massive money. Fiat has become a parasitic vampire leach - sucking the essential lifeblood from its adoptive orphaned Chrysler child, living on its US taxpayer funded bankruptcy inheritance.

     

    To be fair, Chrysler did pick up a nice small European style engine from Fiat, to counter the hefty Hemi. So there's that.
    28 Dec 2012, 12:52 PM Reply Like
  • EdwinJ44
    , contributor
    Comments (60) | Send Message
     
    Yes I forgot...thanks for reminding me.
    28 Dec 2012, 12:28 PM Reply Like
  • frogola
    , contributor
    Comments (74) | Send Message
     
    the fiscal cliff is a concern, but cars are a necessity just as much ass a roof over your head. with the average car age needing more maintenance, people will be looking for the best deal all around. and who knows new government incentives may be in the future as part of the package. just wondering.
    28 Dec 2012, 03:03 PM Reply Like
DJIA (DIA) S&P 500 (SPY)