Make us your home page
Instagram

Most automakers see sales jump

DETROIT — U.S. auto sales put in their strongest performance of the year in October as buyers grew more confident in the economy and new models lured them into dealerships.

Every major automaker but Toyota chalked up better results last month. Overall industry sales climbed 13.4 percent to 950,165.

October's seasonally adjusted annual sales rate — which shows what sales would be if they stayed at the same rate all year — was 12.26 million vehicles. That's the best monthly rate since August 2009, when Cash for Clunkers spurred Americans to buy more cars and trucks.

"The trends are positive, and we are going in the right direction," said Jesse Toprak, vice president of industry trends at car pricing tracker TrueCar.com. Sales aren't increasing as fast as the industry would like, he said, but "we are seeing more confidence by consumers to make big-ticket purchases in an uncertain economic environment."

Chrysler, Ford, Honda and Nissan all saw double-digit jumps in sales compared with the previous October. General Motors, which is preparing for an initial stock offering later this month, saw sales rise 3.5 percent.

Toyota, which has been struggling with safety recalls and an aging lineup, saw sales drop 4 percent. Sales of its Camry sedan, which hasn't been updated in three years, fell 14 percent in October. The rival Hyundai Sonata saw sales double.

GM's sales were driven by its sport utility vehicles and wagons, which posted increases of 36 percent for October. Sales of GM's most popular wagons — the Chevrolet Equinox, GMC Terrain and Cadillac SRX — were up 58 percent compared with the previous October. Truck sales also were up.

Ford's sales rose 19 percent. Among the winners was the F-Series pickup, which saw sales rise 24 percent, thanks in part to a monthlong promotion. Sales of the redesigned Edge wagon, which recently went on sale, jumped 24 percent.

Chrysler Group LLC's sales rose 37 percent, partly on the strength of the new Jeep Grand Cherokee, which saw sales more than triple. Ram pickup sales rose 41 percent.

Red-hot October

The percentage change in total vehicle sales in October for major automakers compared to October 2009:

Hyundaim 38 percent

Chryslerm 37 percent

Subarum 25 percent

Fordm 19 percent

Volkswagenm 18 percent

Hondam 16 percent

Nissanm 16 percent

General Motorsm 3.5 percent

Toyotan 4 percent

Most automakers see sales jump 11/03/10 [Last modified: Wednesday, November 3, 2010 9:11pm]
Photo reprints | Article reprints

Copyright: For copyright information, please check with the distributor of this item, Associated Press.
    

Join the discussion: Click to view comments, add yours

Loading...
  1. Tampa's streetcar system looks to expand north through downtown

    Transportation

    TAMPA — The TECO Line Streetcar system that runs from Ybor City to the Channel District could be extended north through downtown all the way to Tampa Heights, according to the latest update of a $1.7 million study aimed at expanding the streetcar system.

    Riders take in the last few stops of the streetcar route in Ybor City during the tenth anniversary celebration of the TECO line streetcar system in Tampa in 2012. Now officials are looking for ways to expand the service north through downtown to Tampa Heights. [EVE EDELHEIT  |  Times]
  2. Tampa Bay small businesses give Tampa B+ for regulatory climate

    Corporate

    In a recent survey about small business sentiments toward state and local government policies that affect them, Tampa Bay ranked at No. 25 out of 80 — a B+ overall.

    Tampa Bay ranked No. 25 out of 80 in a recent survey about how small business owners feel about state and local government policies that affect them. | [Times file photo]
  3. Seminole Heights restaurants face struggles amid killings, post-Irma

    Food & Dining

    TAMPA — The neighborhood's hip circle of popular, well-regarded restaurants is feeling the squeeze in the wake of a recent killing spree. And the timing is rough.

    Ella’s Americana Folk Art Cafe has been taking precautions in light of the Seminole Heights killings: keeping the lights on all night and having employees walk to their cars in groups.
  4. St. Pete-Clearwater holding food, supply drive for hurricane refugees

    Airlines

    CLEARWATER — St. Pete-Clearwater International Airport and Allegiant Air are holding a food and supply drive for the Hispanic Outreach Center in Pinellas County. The event, which will benefit refugees displaced by Hurricane Maria, will be held Tuesday from 5 p.m. to 8 p.m. at the airport at 14700 Terminal Blvd.

    St. Pete-Clearwater International Airport and Allegiant Air are hosting a food and supplies drive Tuesday for refugees displaced by Hurricane Maria. | [Times file photo]
  5. Tallest building in Pinellas County in search of a new name

    Real Estate

    ST. PETERSBURG — The name "Priatek" is gone from Pinellas County's tallest building, perhaps to be replaced by that of a much better-known company new to the Tampa Bay area.

    The Priatek name is off of downtown St. Petersburg's tallest building.
 [LARA CERRI  |   Times.  2015]