Jessica Harmon

The Auto Industry in 2012

This article look sat what's in store for GMC in the new year! Throughout 2012 the auto industry will be bringing new vehicles and great new ideas!

With the new year finally hitting and 2011 being put behind us, its time to start thinking about the state of the auto industry in 2012. Most financial institutions categorize their earnings by yearly profits which means the new year brings about a clean earnings slate. Starting fresh in 2012 could mean either good or bad things for consumers this year!

With the earthquake and the tsunami in Japan back in march, many Japanese automakers and automakers with overseas plants in Japan, like Toyota, were hit hard financially. It’s no wonder they’re going to be a little more cautious with their funds this year to make up for the past damage.

Yet even though disaster struck all around in the auto industry last year, most analysts estimate that the overall 2011 sales gain is going to be a record profit increase since 2008. In fact, the auto market is showing many signs of recovery. It is estimated that in 2012 the auto industry is likely to see sales that will match the normalcy before the recession started!

And luckily enough, experts are seeing that the American automakers based out of Detroit, like GM, are seeing some of the biggest increases in sales and are likely to continue to do so throughout the new year. GM is even set in just the right position to retake the title of the world’s largest volume automaker away from Toyota. Analysts even project that Toyota’s volume may fall below fourth place.

It seems that in 2012 the new trend is going to be a massive shift into electrical vehicles. Electric vehicles and hybrids have been around for quite some time now, but they have been slow moving and have not been picking up like industry experts had previously expected them to. But this year more and more auto makers are switching to electric, or at least introducing new electric and hybrid vehicles which leads many to believe that electric cars will be popular this year.

Some private companies have taken the initiative to bolster the move to electric by attempting to build a national network of electrical vehicle charging stations. The program has been helped along with funding of more than one hundred thirty million from federal stimulus money combined with grants from the Energy Department. The goal is to provide free car chargers to those who purchase vehicles that run on electric and also to set up stations for public charging in public areas and workplaces.

But we come in to 2012 and the new electric vehicles knowing that 2011 was an interesting year. Despite the disasters that occurred the auto industry suffered only minutely. At the end of the year the auto industry saw sales in the month of December that were up so high they rivaled the spike of sales caused back in 2009 by the Cash for Clunkers program. GM looks forward to providing millions more Americans with great new 2012 vehicles as we ring in the new year.

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