just-auto.com

US: November sales seen 17% up year on year

By just-auto.com editorial team | 25 November 2010

This month's new car sales (including fleet sales) are expected to be approximately 865,500 units, a 17.0% increase from November 2009 but a 8.1% decrease from October 2010, according to Edmunds.com.  Retail sales are expected to be approximately 700,000 units, down from approximately 778,000 last month.

Its analysts predict November's seasonally adjusted annualised rate (SAAR) will be 12.2m, essentially flat from October 2010. SAAR for retail sales is about 9.9m, down slightly from last month.

Average automaker incentives in the U.S. are estimated to be $2,490 per vehicle sold in November 2010, up $51, or 2.1%, from October 2010, but down $284, or 8.6%, from November 2009.

“Seasonal fluctuations notwithstanding, we’re seeing some stability and consistency in the marketplace for the first time since the economic downturn,” said Edmunds' Jessica Caldwell. “The automakers have realised that they can achieve profitability at this level of sales, and they seem to be settling into that reality.”

November 2010 had 24 selling days, one more than last November 2009.