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November 29, 2005

USA: Analyst sees November sales increase

November new vehicle sales in the US are expected to increase to 1.23m units, a 3% increase from November 2004 (but down 1% when adjusted for one additional selling day this year), according to independent analyst Edmunds.com.

November new vehicle sales in the US are expected to increase to 1.23m units, a 3% increase from November 2004 (but down 1% when adjusted for one additional selling day this year), according to independent analyst Edmunds.com.

The combined monthly US market share for Chrysler, Ford and General Motors (GM) domestic nameplates is estimated to be 56.1% in November, down slightly from 56.3% in November 2004 but up from the record low of 52.3% in October 2005.

Chrysler is predicted to sell 178,000 units in November, up 9% compared to November 2004 and up 8% compared to October 2005. This would result in a new car market share of 14.5% for Chrysler in November, up from 13.7% in November 2004 and from 14.4% in October.

Ford is predicted to sell 211,000 units in November, down 8% compared to November 2004 but up 16.0% compared to October 2005. This would result in a market share of 17.1% of new car sales in November for Ford, down from 19.2% in November 2004 but up from 15.8% in October.

Edmunds.com said GM will sell 301,000 units in November, up 1% when compared to November 2004 and up 19.0% compared to October 2005. GM’s market share is expected to be 24.5% of new vehicle sales in November, down from 25.0% in November 2004 but up from 22.0% in October.

“The slow sales we observed during the first two weeks of November were partially offset by new promotions from the domestic manufacturers later in the month,” said Edmunds’ industry chief industry analyst Jesse Toprak.

“Due to relatively lower gas prices, recent sales promotions and seasonal factors such as increased demand for four-wheel-drive capabilities in inclement weather, we expect the large SUV and truck segments to recover significantly in December.”

This month, Honda is predicted to sell 107,000 units, up 12.0% compared with November 2004 but down 3% compared with October 2005. Its market share is expected to decrease from 9.7% in October to 8.7% in November.

Nissan is predicted to sell more than 80,000 units in November, unchanged compared to November 2004 and up 11.0% from October 2005. Nissan’s market share is expected to be 6.5%, up slightly from 6.3% in October.

Toyota is expected to sell 176,000 units, up 14.0% compared to November 2004 and up 2% compared to October 2005, resulting in a decrease in market share from 15.1% in October to 14.3% in November.

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