Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Auto Sales Surge as ’02 Ends

January 3, 2003

The U.S. auto industry is expected to record its fourth best year ever when automakers release December vehicle sales on Jan. 3. But the results are bittersweet for Detroit's automakers as they continue to cede marketshare and see profits crimped by lucrative rebates, according to the Detroit News.December sales are expected to exceed those of a year ago as much as 3 percent. They should also end a two-month slide in sales thanks to an advertising blitz thatlured buyers with cash-back offers and low-rate financing deals, the Newssaid."The incentives were very, very aggressive with all the cars," said Frank Ursomarso Sr., a multi-franchise dealer based in Wilmington, Del. "We were up 23 percent over last December, which was quite a big gain considering that last December was pretty good, too." A strong final month should help lift 2002 vehicle sales to at least 16.6 million units, industry experts forecast. While that is down about 3 percent from last year's 17.2 million, it is still considered a strong, above-average performance, the News said.But the future is cloudy.  Industry officials and analysts are predicting a disappointing 2003, with annual sales expected to be between 15.8 million to 16.5 million units, according to the News.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Sponsored by

Lamb was the first AF Professional Fleet Manager of the Year winner in 1985. He was formerly a fleet manager for the Houston-based Exxon Company USA.

Read more

Up Next

More From The World's Largest Fleet Publisher