Big Three American Automakers Report Sales Gains In December

All three of America’s largest automakers reported sales gains in December, a signal that shoppers largely ignored concerns over the so-called “fiscal cliff.” Chrysler reported 10 percent gains over the same month from a year ago, while General Motors (4.9 percent) and Ford (1.6 percent) also reported gains. Among foreign automakers, Toyota said its sales rose 9 percent over last December, and Volkswagen reported 35 percent gains. The Wall Street Journal reported that annual industry sales grew from 12.78 million in 2011 to more than 14.5 million in 2012.