Automakers Posted Double-Digit Sales Gains In December

2016 To Be A Record Year For Sector

According to Edmunds.com, automakers selling in the United States are expected to report total industry sales of more than 17.5 million for 2015.

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General Motors Company GM sold an estimated 3.1 million vehicles in the United States last year, up 5 percent from 2014. General Motors' December sales rose 5.7 percent to 290,230.

General Motors was recently seen trading down by 3 percent at $32.31.

Ford Motor Company F and Fiat Chrysler Automobiles reported their best U.S. annual sales year in at least nine years.

Shares of Ford were recently seen trading down 2.86 percent at $13.59. The stock closed at $13.97 on Monday.

Fiat Chrysler Automobiles stock is lower by 0.67 percent, trading at $8.94 on Tuesday, following the release of its December sales results.

Toyota stated that its December sales of 238,350 was an increase of 10.8 percent compared to sales of nearly 2.5 million in 2015 (an increase of 5.3 percent).

Shares of Nissan were recently seen trading slightly up at $20.51.

In December, Nissan sold 139,300 vehicles, an 18.7 percent year-over-year gain. Overall sales for the year rose 7.1 percent to 1.5 million units sold, Nissan stated.

Economist On Record Industry Performance

Ford Chief Economist Emily Kolinski Morris stated that factors such as consumer confidence, low fuel prices and a rebounding labor market will contribute to future growth. According to the Detroit News, Morris commented that in terms of the macroeconomic environment, "we expect that many of the favorable factors that supported a record 2015 performance will remain in place this year."