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article imageUS car sales report very disappointing sales figures for December

By Kev Hedges     Jan 4, 2014 in Technology
General Motors (GM) has reported that car sales for the month of December 2013 were very disappointing, and its share price has subsequently fallen on the New York Stock Exchange by 2.4 percent.
Chrysler and Ford however both reported an increase in sales, but industry experts said these increases were well below what was expected. GM reported a drop of 6.3 percent on its December sales compared to the same month in 2012.
Business analysts reported that poor weather conditions kept customers away from the showrooms. However, Chrysler boasted its strongest sales term since 2007 for December and this could be due to strong sales of its Jeep and Ram Truck brands.
Many of the December deals offered as sweeteners to potential buyers are having to be extended into January, traditionally a poor month for auto sales. The BBC reported GM vice-president, Kurt McNeil saying:
December started a little slow but sales were stronger later in the month, especially in the week between Christmas and New Year.
Ford also optimistically stated that a four-day weekend over the Thanksgiving period in November may well have bought sales forward that would have usually seen buyers purchase during the month of December.
Chrysler's success was bringing out a "hot" product that met consumers' demands for a tough winter truck, reports Investor Chronicle.
More about General motors, auto sales, sales figures, Car sales, motor economy
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