Second-highest US November sales expected by forecasters

Article by Christian Andrei, on November 28, 2014

The United States auto industry is poised to log its highest November sales performance since 2001. TrueCar and are expecting seasonally adjusted, annualized selling rate in November to reach 17 million, thanks to year-end clearance sales and the lowest pump prices since 2010.

John Krafcik, president of TrueCar, said in a statement, noted the promotions that brands schedule around “Black Friday,” which he dubbed as the start of the “final epic selling season of the year.” He noted that season has started earlier this year than ever.

He remarked that hard-hitting sales events, great new products and receptive consumers are paving a way for a 17 million SAAR in November. On the other hand, is forecasting a 16.7 million SAAR in November while LMC Automotive placed the figure at 16.5 million.

The four groups are giving forecasts reflecting a surge of between 1 percent and 4 percent from the 1,243,888 light vehicles sold in the month in 2013. A 17 million SAAR – as forecasted by TrueCar and – would pave way for the industry’s second-highest November sales, just next to the SAAR reported in November 2001, when carmakers sold over 1.3 million vehicles.

Kelley Blue Book expects the industry to grow 2.2 percent in November to 1.27 million units, for a SAAR of 16.8 million. Jeff Schuster, vice president of forecasting at LMC, remarked that last months of 2014 is “shaping up as expected.”

He quipped that they expect the US light vehicle market to sold 17 million units in 2015, thanks to upside momentum brought by stronger economy, significant new model activity and low gas prices.

Topics: united states, sales

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016