After months of downward movements, it is now finally good news for the US automobile industry. Sales of cars for the two largest car makers of Detroit, Chrysler and General Motors went up in November. People belonging to the automobile industry are really happy to hear the news of the development.
Chrysler authorities have reported that their US sales went up by 45% in the month of November and in case of General Motors, sales figures went up by 7% in the USA. Chrysler said that their increase in demand was witnessed because of their Jeep models. Among the car makers, these two are the first to report their sales in the month of November.
The US lawmakers will also be happy as for months there was no good news coming from the home or electronic markets. But with people slowly going back to the car market, it seems that the economy is showing slight signs of recovery. As per the report given by the US Labor department, the monthly payroll is also increasing to a great extent. Many experts feel that the car market is considered to be the benchmark of the economic revival and with such good news flowing in from two largest car makers, the days of economic hardship is seemed to be coming to an end.
As per the reports given by the Chrysler, they have sold 107,172 new cars and trucks in the month of November and the figure is around 74,152 more than the year earlier. The sales of jeeps went up by 44% and the cars which were mostly in demand were Compass Crossover and Liberty compact SUV.
GM has claimed to have sold more than 180,000 trucks and cars with the brand Chevrolet Cruze seemed to be leading the way. Both the car makers have got bailout package from the government and they have done massive restructuring and have reduced their debt to streamline their operations.