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Wednesday, January 4, 2012

Auto Recovery Perspective

MSNBC details:

Countering earlier concerns about a double-dip recession, U.S. auto sales wrapped up a skittish 2011 on a positive note, surging in the final weeks of the year, with Detroit’s automakers helping drive the overall market to its highest level since the start of the long economic downturn.
Overall sales of new cars, trucks and crossovers increased by 10.2% during 2011, largely paced by a surge in demand for domestic brands.
The chart below shows the 2011 bounce (Honda excluded) among the largest companies in the world, but also shows the changing auto landscape from December 2005 peaks. South Korean Hyundai Kia Automotive Group not only took market share, but surged, as the US big three and Japanese big two struggled (Nissan performed very well).



Source: Autoblog