Second-highest US November sales expected by forecasters

Article by Christian A., on November 28, 2014

The United States auto industry is poised to log its highest November sales performance since 2001. TrueCar and Cars.com 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, Edmunds.com 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 Cars.com – 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:

Comments

Recommended

It’s pretty neat if you possess something of an extraordinary breed like, say, the Pagani Huayra. There are after all just a total of 100 units ever been built by...
by - April 28, 2017
If you’ve ever visited an arcade, chances are you have already seen a Logitech G920 wheel. If that doesn’t ring a bell, it’s the steering wheel that you use when...
by - April 28, 2017
Toyota Motor Corporation disclosed that it will be bringing two of its Mirai fuel cell vehicles to China by October of this year. Tests will then be conducted on these...
by - April 28, 2017
Jaguar fans, as well as auto enthusiasts in general, has a reason to celebrate this week as the brand gave everyone a peek of the new 2018 XF Sportbrake. This...
by - April 28, 2017
BMW has revealed that its i brand has partnered with TED in order to launch a worldwide search of unique ideas under the title “NextVisionaries.” This brand has long been...
by - April 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries