No ‘Fiscal Cliff’ for Automakers in November

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The Detroit Bureau - December 3, 2012

While October auto sales ended on a sour note, due to Hurricane Sandy, November provided the headwinds for strong auto sales across the board.

Get more details on major automaker November sales.

Analysts now estimate the industry could have gained as much as 100,000 sales last month that had been postponed because of the massive East Coast storm. And demand also appears to be picking up as motorists race to replace vehicles damaged or destroyed during the disastrous storm.

VW – which is getting ready to launch the new Beetle Convertible — had its best November since 1973.

While General Motors reported a relatively modest 3% increase for the month, Nissan’s luxury brand Infiniti posted a 41.2% year-over-year gain. And Volkswagen had its best November since 1973. Other gainers included Toyota, jumping 17.2%; Ford, up 6%; Chrysler picking up 14% — with its Fiat brand jumping 123% — and the Nissan brand up 9.8%.

Hyundai Motor America posted record sales of 53,487 vehicles in November, an 8% total sales increase compared with the same record-setting period a year ago. Sales are also up 8% for the first eleven months of the year.

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