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Auto sales actually many automakers posting peak sales numbers in December joining us now Edmunds dot com senior analyst Jessica Caldwell.
With more on whether these promising sales will carry into 2013.
So let's first talk about why December was so good and we saw some great numbers.
Month -- -- -- every year December sales GM up 5% Ford up almost two Chrysler up ten bull looks like in 35%.
All -- the time are we had.
Are hit with all that holiday advertising and people have that -- mentality like and other sectors of the retail market so I think you combine that with also some pent up demand from hurricane -- I'll make it really made for AAA very good December this year.
-- 19% over at little over 19% increase from November let's not talk about the individual automakers GM.
Saying it's ever sing it struggled but they did sell the most vehicles for the month right two point six million vehicles sold in yet.
They're not maintaining their market share are that.
They are today at -- you know pretty good month but in the industries become so competitive over the past few years.
Not only -- -- of the amongst the domestics have gotten a lot better but also the Japanese brands have gotten a lot stronger in 2012 following the inventory shortages last year.
And also I think here from South Korea they're also doing well -- get mentioned Volkswagen so -- everyone's having strong months of that market share is really hard.
To maintain and and grow.
Is it is it because the small car is starting to become more and more in -- For not selling as many trucks -- it GM's little the stock and those kinds of cars their sorry Volkswagen's the -- Flying off the shelves is that is that part of what's going on here.
That's surely help state of the market -- diversified into smaller cars and I think.
You know people want -- efficient vehicles no matter if they -- in a small car.
Or large car so they're looking at all the auto makers not just what they've always what you know what they've always considered over time so I think that.
The increase -- types of vehicles that are out there and also the -- -- that are making them cults because consumers have more options and find a -- that meets their needs.
Yeah and as you noted a lot of discounts and things like that so what's 2013.
Look like what is the credit market look like for 2013 -- well.
I think it's going to be a lot of what we saw at the end of 2012 credit is very cheap so that helps are people that are financing releasing their cart which is a big portion of the market.
So that's stays low the market is going to be from -- for lots of people to get into it so I think.
Got to we won't expect as big gain as we saw from 2011 to 2012 but we looks backed.
Two to be in the fifteen million range wedges.
You know going back in time -- -- -- not quite pre recession levels but getting closer.
He pick a winner for 2013.
To be top I think that the Japanese imports are gonna do better I think -- especially is.
Is doing while they had a new court that came out the -- their civic panels or big volume players look a lot of by -- out there are some people that looking to come back into the market place.
They got two new cars and I think those are big for them.
-- -- -- -- as you can't kill that car and it just me I've tried.
How about Chrysler I don't Chrysler is looking out how to go along with Fiat what do you think in 2013 looks like for them.
Didn't I think is going to be strong -- launch a new -- much -- in terms of volume their biggest sellers I think that's gonna continue to volatile face competition next year with a new.
-- pick ups that are coming out -- you know but again I think when you rob a more interest in the pick up market segment which is gonna be helped by housing.
That's positive and also Fiat I -- that's a branded and have a few years ago added 40000 units -- plus to the bottom line so that helps so.
You know Chrysler not a lot of momentum it's going to be hard to sustain but they've managed to surprise us aside and -- in the beaten and not wise to bet against them.
-- -- -- -- -- -- -- thank you remain with us.
It's always saying yeah an amendment.
I just want -- years old American debt a new report finds that Americans are paying it off.
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