The official sales reports from various auto makers have come in and overall the news is remarkably good. Despite the slow recovery of the economy auto sales have continued to grow rapidly over the past few months and November was no different according to the results. November auto sales were up by a significant amount all across the board which is great news for everyone as it means the economic recovery is likely to continue.
Overall the automotive industry reported a growth of about 14% over last year which is a remarkably dramatic increase. Analysts say that growth at that rate is absolutely amazing given the current economic situation and overall they’re very happy with the results.
Of course the real question comes when we consider the future sales growth. Analysts are overall quite hopeful that automotive sales will continue to grow but at this point they are being careful about making any extreme predictions. Assuming the current economic situation continues car sales will most likely continue to grow at or above the current rate which is great news for the entire industry as well as the economy as a whole. For now though it is just another small victory that a massive section of the economy has managed to sustain rapid growth for nearly a year now and at this time the automotive industry is showing no signs of stopping as nearly all manufacturers are predicting even more increases in sales.