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

While Tesla Motors continues to struggle with regards to the assembly of its much awaited Tesla Model 3, investment firm Oppenheimer & Co. is confident that its previous production estimates...
by - October 22, 2017
It seems that BMW’s high-performance division -- BMW M – still has not warmed up to front-wheel drive vehicles. So those who had been looking forward to BMW M vehicles...
by - October 22, 2017
Porsche already has the Performance Package for their range-topping Macan Turbo, which is currently available in some countries. Soon, this model will be dethroned by something even fancier by the...
by - October 22, 2017
After the highly dynamic Polestar 1 two-door coupe – Polestar’s first ever production car -- was recently unveiled, not a few people’s curiosity was piqued as to how much they...
by - October 21, 2017
The BMW 7 Series is already highly sought after but nonetheless, the German marque is giving it a more exclusive variant for the Russian market, and they are calling it...
by - October 20, 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