NEW YORK, NY--(Marketwire - Oct 3, 2012) - U.S. auto market sales has been surprisingly strong in 2012 despite concerns of a global economic slowdown. Aging vehicles combined with high gasoline prices have sent consumers flocking to showrooms in search of more fuel efficient vehicles. Five Star Equities examines the outlook for companies in the Auto Manufacturers Industry and provides equity research on Ford Motor Company (
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Auto Sales in the U.S. are on pace to reach 14.5 million vehicles in 2012, 1 million more than 2011. Sales in September were led by German carmaker Volkswagen who reported a 34.4 percent increase from a year ago. General Motors and Ford Motor reported vehicle sales were flat in September, while Toyota reported a 42 percent jump.
"We've seen a number of year-on-year increases in terms of the overall demand, the overall size of the marketplace," said Jonathan Browning, CEO and President of Volkswagen Group of America. "It's growth but it's not spectacular. There are some positive signs but it's nothing to get carried away with yet."
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Ford Motor Company reported September sales were down 0.1 percent as a decline in truck sales (7.6 percent) offset gains in new cars and S.U.V.'s. The company reported the sales of small cars were up 73 percent for the month. "Fuel economy remains one of the most important features customers want today," said Ken Czubay, Ford's head of United States marketing, sales and service.
General Motors reported sales for September 2012 were the best for that month since 2008. The company sold 210,245 vehicles, with passenger cars showing a 29 percent gain. "Passenger cars have been the launch point for a broad and deep G.M. product offensive," said Kurt McNeil, vice president of United States sales.
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