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Automakers post strong gains

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    Sales boosted by superstorm Sandy, rising consumer confidence

  • Duration 3:24
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All right now some potentially good news on the economic front -- several of the nation's top automakers -- and strong gains for the month of November.

Analysts say is likely part of these gains are due to what we saw with hurricane -- in so many cars.

Being ruined for a GM and Chrysler are posting some gains in sales.

Is this a trend though that's going to last changing it Jennings is the president and editor in chief of automobile magazine editor in chief.

I'm Jean knows cars -- currency good person to talked about this -- what do you think is set.

Just a one off this is just one month in November maybe even December that's affected by hurricanes and -- or something else going on.

In car sales.

I don't I don't think this is a real short term I think it's gonna go on for a couple of months anyway as long as the economy holds.

Right now obviously hurricanes -- -- had some effect like a quarter million or so cars were taken out.

But the testament of cars that were purchased at most affected VW by the way they really had the big gains because that's their biggest market.

-- some analysts say 60000.

Cars were purchased in the wake of at Ford says when he took forty.

So we expect that to keep continuing.

I mean a million a quarter million cars is a lot.

But I am looking in out.

The factors that affect car sales in general.

And they'll clean it currently it is convergence.

Limited -- their country because I was just seeing that what it did the right -- and Reuters had not car sales says that the average car right now on the road in America act.

Is about eleven years old and that could be an important not only -- That is ancient eleven years is the average age of the US fleet eleven years old that's ancient.

20% of those are actually sixteen years old.

Or older and I was talking to the had a monster at the LA show last week and he said it's a rolling scrap yard out there it really is.

Part of the harmonic convergence of new car sales money is easier to get now.

Leasing deals are much easier to effect now.

And if you look at just the incredible gains in technology.

Said -- you'll design.

In fuel economy -- Just across the board -- been in the market in.

Tens of twenty years you'll be blown away it makes buying a car -- -- decision.

A lot easier.

It's undeniably the vice president India sales were right GM did make this comment -- the sales and house when -- -- exactly how much growth we can expect next year.

Will depend in part on how congress and the president resolve the fiscal -- because customers.

Don't like -- -- do you think that could be a factor.

Absolutely and can yet -- consumer confidence is still pretty good right now we know that we're we're getting closer and closer to the decisions.

Yet that's all we're talking about riots -- you guys are talking mr.

now we know that.

But still.

People have to have cars they have to have cars and this is also all of this car sales will.

We'll really be a boon to used car sales as well which -- -- quite high.

Quite high.

And as people trade all these cars in and to get new cars.

That's gonna drive the price of used car sales down as well some grand cypress today Jeanne thank you so much for the time we appreciate it very much good to bring goodness yeah there's little night it finally -- -- -- What are you back thank yep true story.

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