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[video] Quick Take: Sales Up at Ford, Chrysler Despite Higher Gas Prices

NEW YORK (TheStreet) -- December auto sales failed to exceed analysts expectations, said TheStreet's Debra Borchardt. She spoke to Keith Bliss, senior vice president of Cuttone & Company, on the auto sector.

Ford (F) and Chrysler posted positive sales figures for the month of December. General Motors (GM), on the other hand, had a sales decline in December. All three auto makers missed sales expectations. 

Bliss said that is only one month of sales data in a year with the best annual results since 2007. Car prices are actually on the rise, he said, as are sales. Higher consumer confidence and falling unemployment are helping  the positive sales trend, too. 

Bliss thinks consumers have gotten used to higher gasoline prices and are still willing to purchase new vehicles. He noted that a majority of December sales were of light trucks, which get less miles per gallon than other vehicles.  Bliss believes strength in vehicle sales should continue in 2014 although sales may not crack the annual record rate of 16.1 million vehicles.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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