Rise in US car sales lead by Chrysler and GM

In the month of January, the overall sales of US car directly jumped by around 18 per cent, the whole profit led by gains especially for Chrysler and General Motors Co. Both, these leading auto makers are considered as the two well – known Detroit car manufacturers that are restructured by the authorized US government.
Government took large number of shares from its rivals. The 2011 year is like a strong starts for all major car manufacturers which are located outside the US. In the markets of develop – engine like India, demand is comparatively slow.
On the other hand, in the developed European markets, recovery is bumpy. Earlier Toyota Motor co experienced high pressure due to its continuous series of punishing recalls which are now tarnished their reputation in the wide automobile market.
This year company gains around 17 per cent growth is net profit. Hence, large number of vehicle market analysts already forecast about in the net profit sales. During the year 2010, Toyota Motor Co is the only single car maker which has lost sales in the vehicle market of United States.
The spokesperson of this company said that this cut down is sales was already marked when Toyota set up several operations in US market of automotives in the late 1950s. Rebecca Lindland, analyst of IHS Automotive said that the long – term outlook of Toyota has been quite dimmed and hence, it’s not growing more brightly.
As we all know, General Motors is the second – global vehicle manufacturer behind Toyota which noted 22 per cent growth in sales powered by sales of strong truck.
As a result of high truck sales, the market share of this company above 20 per cent. Chrysler is pushing their limits towards the earlier public which are providing of stock during the second half of the year 2011. in this period, company had more than 23 per cent gain in sales.
source : prefercars.com