November Car Sales to Prosper from Black Friday

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PR Newswire

Accord­ing to Kel­ley Blue Book, new-vehicle sales will rise 3.6 per­cent year-over-year, with Gen­eral Motors set to show the great­est gain for the month.

Find out more about the Kel­ley Blue Book fore­cast for Novem­ber 2013.

New-vehicle sales are expected to improve 3.6 per­cent year-over-year in Novem­ber to a total of nearly 1.19 mil­lion units, accord­ing to Kel­ley Blue Book www.kbb.com, the lead­ing provider of new and used car infor­ma­tion.  Fears of a vehi­cle sale hang­over fol­low­ing the gov­ern­ment shut­down in Octo­ber turned out to be largely overblown as con­sumers showed no hes­i­ta­tion head­ing out to the deal­er­ship in November.

Key High­lights for Esti­mated Novem­ber 2013 Sales Forecast:

  • In Novem­ber, new light-vehicle sales, includ­ing fleet, are expected to hit 1,185,000 units, up 3.6 per­cent from Novem­ber 2012 and down 1.7 per­cent from Octo­ber 2013.
  • The sea­son­ally adjusted annual rate (SAAR) for Novem­ber 2013 is esti­mated to be 15.6 mil­lion, up from 15.3 mil­lion in Novem­ber 2012 and up from 15.2 mil­lion in Octo­ber 2013.
  • Retail sales are expected to account for 83 per­cent of vol­ume in Novem­ber 2013.

Gen­eral Motors is expected to receive a strong push in Novem­ber, thanks to high demand for a host of redesigned mod­els across its prod­uct portfolio.

“The Chevro­let Sil­ver­ado and GMC Sierra should have solid growth, as demand for pick­ups con­tin­ues with the strength in the real estate mar­ket,” said Gutier­rez.  “Solid gains also are expected for Cadil­lac and Buick, as con­sumers con­tinue to look to the new Cadil­lac ATS, XTS and Buick Encore as legit­i­mate com­peti­tors to tra­di­tional lux­ury play­ers, such as BMW and Mercedes-Benz.”

Fur­ther aid­ing the manufacturer’s per­for­mance this month will be Black Fri­day deals, which will allow con­sumers to receive employee pric­ing for a vari­ety of Gen­eral Motors’ vehicles.

 

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