In just a few hours car companies will reveal their sales results for this November and we expect them to be not so bad since they had many chances to increase their income due to Thanksgiving holidays. We project a total U.S. vehicle sales for this month, including fleet and deliveries to hit 1.367 million units,, which is up 3.6% from the same period last year.
On a daily selling rate basis, adjusted for the extra sales days, we expect transactions to decline by upward of 4.7% year over year. And excluding fleet sales, deliveries made to rental-car companies and other bulk buyers, deliveries of new cars and light trucks are expected to decline by 3.8% from November 2015, adjusted for selling days. (The company does not count Sundays and federal holidays as selling days.)
Automakers will report actual sales data for November beginning Dec. 1. Incentive spending by automakers for the month averaged an estimated $3,475 per vehicle in November, up 13% from a year ago but down 1.4% from October 2016.
