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.