Auto sales hit new record during 2016 on U.S. market
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Sales of new cars and light trucks went stronger than expected in the U.S. market for most automakers during last December, pushing annual figures to a new record high in 2016, according to data provider Autodata Corp.
U.S. vehicle sales totaled 17.55 million, a 0.4% rise from the previous year's record of 17.47 million. It was the seventh consecutive year of year-over-year sales gains, an unprecedented string, said Tom Libby, an analyst at consulting firm IHS Markit interviewed by Associated Press.
Nissan Motor Co.’s U.S. sales rose 5 percent in 2016 to more than 1.5 million, a company record. Subaru brand also set an annual record, with sales up 6 percent to 615,132.
Honda Motor Co.’s sales jumped 3 percent to more than 1.6 million. Ford Motor Co.’s sales were up less than 1 percent to more than 2.6 million. Fiat Chrysler’s sales were flat at 2.2 million.
General Motors Co. said its year-over-year sales were down 1.3 percent to just over 3 million cars and trucks. That was partly because the company cut back on low-profit sales to rental-car firms.
Toyota Motor Corp.’s full-year sales fell 2 percent to 2.4 million. Volkswagen brands sales dropped 8 percent to 322,948, hurt by the company’s diesel mileage cheating scandal.