This past November proved to be one of the most lucrative and successful for the American automotive industry. With the abundance of enticing Black Friday deals and the added benefit of low gas prices for drivers, the industry experienced a record high in automotive sales for the month.
In fact, November 2015 was so profitable that it reached a 1.4% sales increase over November 2014, totaling a whopping 15.82 million vehicles sold from January through November of this year. At this rate, 2015 promises to be a likely record-breaking year. Buoyed by the month’s striking sales numbers, the industry is on track to rival the $17.35 million sales peak attained back in 2000, according to the Wall Street Journal.
Reduced Gas Prices Contribute to Sales
Gas prices, which remained relatively stable throughout the past year, also offered consistency to those who recently purchased vehicles. Averaging around two dollars a gallon, these dependable prices likely contributed to the industry’s successful month – and a successful year overall. Lower prices encourage drivers not only to use their current vehicles more frequently and for longer trips, but to purchase new vehicles with the added benefit of future fuel savings.
Due to this influx of favorable trends, many auto dealers and car makers can now afford to offer competitive financing and significant discounts to consumers. With deals high and gas prices low, the current landscape of the automotive industry is especially conducive to an increase in overall purchases.
American Industrial and the Automotive Industry
Established in 1981, American Industrial is the premier source of precision metal stamping and die cutting services. We are proud to provide high quality and comprehensive manufacturing services to the entire automotive industry. Our ISO 9001:2008 certified facility is located in close proximity to Chicago’s O’Hare International Airport, and offers us the ability to respond quickly and efficiently to all consumer requests.
At American Industrial, we specialize in servicing customers across the automotive industry; we provide precise, reliable delivery to the entire industrial vertical. In order to complete a recent project, for example, American Industrial was tasked with designing twelve custom brackets for a high visibility prototyping venture, each of which would work to ensure a secure floor mat for automotive applications.
Employing top notch operations and spot welding for assembly, we created a bracket comprised of cold rolled steel and formed with cold tooling. After a broad and complete quality assessment, the brackets of the component were subject to a clear chromate and zinc plating in order to resist future corrosion or rust. The project was completed within a three-week delivery frame and thorough documentation of inspection processes was provided.
At American Industrial, we are proud to produce quality parts for a range of services within the automotive industry. To learn more about American Industrial’s ability to produce new and efficient auto products and metal components, download our automotive infographic today.