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If you want to analyse the US green car sales for November, you first have to start with the fact that Volkswagen stopped selling its diesel vehicles for a year now. That means that, statistically, demand levels for hybrids, plug-ins and diesels in November could finally be measured on an even playing field for the first time in 2016. But there's more to the story of what was easily this year's most impressive month for green-car sales. Americans bought more than 39,000 green cars in November, marking a 26-percent surge from a year earlier. For comparison purposes, October a...
After three consecutive declines, automakers managed in November to make the largest year-over-year sales gain since February, posting a 3.6 percent gain. However, it took a big jump in incentives to make that happen. Those heavy incentives – now amounting to more than 12 percent of the industry's average transaction price – might be enough for 2016 to topple last year's record by a razor-thin margin. Going into December, U.S. sales were just 6,418 vehicles ahead of last year's pace, an increase of 0.04 percent. November and December have become big months fo...
Analysts didn't expect light vehicle sales will be this strong this November. The annualized selling rate adjusted for seasonal trends reached 17.8 million, the second-fastest pace of the year. While that pace is off from 18.1 million a year earlier, it’s faster than any analyst estimate in surveys. The average projection was for a 17.5 million rate. Automakers’ results released are giving investors new evidence to determine whether the industry’s expansion is coming to an end after a record 2015 -- or if there is more room for economic-driven growth. Concerns ...
U.S. car sales rose more than we were expecting it will be in November, we had an increase of 3.7% of the industry sales, it shattered a record for the month that was set in November 2001. Auto sales rose at a seasonally adjusted annual rate of 17.87 million. Economists had estimated that sales rose at a 17.7 million rate. The sales were aided by two extra selling days from a year ago and fueled by Black Friday promotions and while there was concern about shaken consumer confidence after Donald Trump was elected president earlier in the month, car buyers apparently did not hold back.&nbs...
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,...