U.S. auto sales in November increased by 15% to 1.14 million

Article by Christian Andrei, on December 5, 2012

The U.S. auto sales in November increased by 15% to 1.14 million. The top brands include BMW, American Honda and Volkswagen Group. This figure has surpassed analysts’ predictions, placing the industry on track for an optimistic run as it enters the new year. The annualized industry sales rate, which was adjusted for seasonal trends, sped up to 15.56 million -- its highest rate since 15.59 million in January 2008.

Analysts predict the sales rate in November to recover from the 14.3 million rate in October, which is when Hurricane Sandy affected deliveries in the later part of the month. The sales pace was 13.6 million in November 2011. According to the average estimate from 10 analysts asked by Bloomberg, the U.S. light-vehicle sales were predicted to increase 12% in November to 1.11 million units.

From January to November, the industry demand has presently gone up by 14% to 13.14 million units. It is on pace to achieve a third straight annual increase of 10% or higher. Analysts predict that U.S. sales will reach around 14.4 million in 2012 and exceed 15 million units in 2013. Jenny Lin, Ford's senior U.S. economist, said that this industry is becoming stronger “even without the Sandy effect.” She explained that there’s a high replacement demand since it has an aging vehicle fleet.

American Honda, which has totally recovered from the disaster in Japan last March and has experienced gains due to the new models, established a November sales record of 116,580, a 39% increase. Honda division volume increased by 41% to 104,334, while Acura achieved a 24% increase to 12,246 units.

In a statement, John Mendel, American Honda executive vice president of sales, said that the company has overtaken sales records established pre-recession, which he refers to as a “true sign” of its business recovery. He added that the new Accord is on a strong momentum and with the new Civic starting to arrive in dealerships, the company expects Honda to have a “strong finish” for this year.

Topics: united states, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

More positive news has been pouring in before the year ends. For those who have been waiting to hear the latest word on Toyota 86, we have some great news....
by - December 10, 2016
Hyundai is making the green vehicle race more competitive by offering three powertrain types -- pure electric (EV), hybrid (EV plus combustion engine) and plug-in hybrid (PHEV) – in one...
by - December 9, 2016
Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 2016
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