US Auto Sales Hit All-Time High in 2015

US Auto Sales Hit All-Time High in 2015

U.S. auto sales have been pushed to new heights in 2015 with a total of 17,470,659 light-duty vehicles sold.

That breaks the previous record of 17,402,486 units set in 2000. The industry rode to this new high on a sales increase in December of 8.9 percent, one of the year’s strongest months.

Nissan posted the largest year-over-year gain in the U.S., with sales jumping by 19 percent in 2015. FCA saw a 13 percent sales gain in 2015, while Toyota and Honda jumped by 11 and 10 percent respectively. Ford gained 8.3 percent while General Motors posted a 5.7 percent gain in deliveries.

SEE ALSO: Volkswagen US Sales Tumble, Down 4.7 Percent in 2015

Trucks, SUVs and crossovers continue to be the best selling vehicles on the market and are selling in record numbers thanks to cheap fuel prices. Easier to access credit and an increase in lease deals are other factors in 2015’s strong sales.

Average vehicle transaction price is also on the rise, up to $33,188 in 2015 compared to $32,386 in 2014.

The industry has made a large comeback from its 10.4 million unit low of 2009, with this current streak outpacing the previous longest sales gain streak set in the 1920s.

[Source: Automotive News]