Updated: 01-Dec-17 16:11 ET
|Updated: 01-Dec-17 16:11 ET
- U.S. light vehicle sales were at a seasonally adjusted annual rate (SAAR) of 17.48 million units in November versus a SAAR of 18.09 million units for October. The November run rate was 1.3% below the SAAR of 17.71 million units for November 2016.
- Total domestic sales decreased to 13.75 million SAAR from 14.24 million SAAR in October.
- On a seasonally adjusted basis, domestic auto sales for November decreased 1.1% from October to a SAAR of 4.70 million. The sales rate was 8.2% below the year-ago period.
- Domestic truck sales decreased 4.6% to 9.05 million SAAR in November from 9.49 million SAAR in October. The sales rate was 2.1% above the year-ago period.
- General Motors sales were down 2.9% year-over-year.
- Ford sales were up 7.0% year-over-year.
- Fiat Chrysler sales were down 3.8% year-over-year.
- Toyota sales were down 3.1% year-over-year.
- Honda Motor sales were up 8.3% year-over-year.
- Nissan North America sales were up 13.8% year-over-year.
- Hyundai-Kia sales were down 11.7% year-over-year.
- Subaru sales were up 0.8% year-over-year.
- Volkswagen Group of America sales were up 2.9% year-over-year.
- Light vehicle sales continue to be underpinned by replacement demand from the hurricanes that hit Texas and Florida, as well as added factors that include low interest rates, a strong labor market, and manufacturers' incentives
- According to ALG estimates cited by Automotive News, incentive spending was forecast to average $3,692 in November, up 4.6% from the same period a year ago but down 2.1% month-over-month.
|Domestic Light Vehicles
| Light Trucks
|Total Light Vehicles (incl imports)