November Automobile Market Stands A Channce To Peak Again Due To Prevailing Replacement Trend After October Hurricane

2012-12-05

In light of the fatiguing European market demands and the slowdown of China automobile market, the U.S. market has already become a symbolic indicator and reference for global automobile industry. According to CNBC.com, the sales of 10.4 million cars kept rising up annually right after the U.S. stepped out of its economic slump in 2009. In 2010 the annual growth rate of car sales achieved 10.6%, and progressed to 11.3% in 2011. Analysts predicts that the 2012 annual growth rate will even increase by 13.3%, which is an equivalent  of 14.5 million cars breaking  the 4-year high.