The Big Three automakers finished 2010 on a high note, each increasing year to year sales in December. Ford showed the lowest increase of 4 percent; GM’s sales grew by 8 percent and Chrysler was up by 16 percent.
Overall American auto sales was up 11 percent, but Toyota again saw their sales drop by 6 percent.
For the full year, all three American automakers posted significant gains in unit sales. Chrysler sold 230,934 vehicles for a 17 percent gain. Ford sold 1,964,059 vehicles, also up 17 percent. And General Motors sold 2,211,699 vehicles, up 7 percent over 2009.
Total domestic auto sales rose 11 percent to 11,590,274 vehicles sold. But the trend is even higher. December’s auto sales extrapolate out to a yearly sales rate of 12.6 million units.
The good news may have contributed to the fact that General Motors’ stock hit a post-IPO high of $38 per share on Tuesday.