The latest NAFCU Macro Data Flash Report on vehicle sales showed that while sales continued on an upward trend through the end of 2009 the auto industry still faces a long battle to return to prerecession numbers.
Over the past 12 months, vehicle sales were up by 15.1%. From November to December total vehicle sales increased from 10.9 million annualized units to 11.3 million annualized units. For all of 2009, sales drop from 13.2 million unites in 2008 to 10.4 million units, which was the lowest since 1982.
Car sales rose to 6 million annualized units in December, while light truck sales decreased slightly from 5.3 annualized units to 5.2 annualized units.
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