Autos & Auto Parts November Sale Expected Around 10.4mm SAAR
November 27, 2009 11:47 AM
According to a Research from Barclays Capital that was released today, November 2009 light vehicle SAAR (seasonally adjusted annual rate) could end up just above 10.4mm units, basically in line with last month's 10.5mm SAAR as well as November 2008's 10.4mm rate. The monthly performance could see some upside if manufacturers manage to successfully boost sales over the Thanksgiving weekend, taking advantage of very generous incentive programs.
According to Barclays analyst, Brian A. Johnson, Ford (NYSE: F) Performance will be in line with industry average but Chrysler is expected to post another very steep y-o-y sales decline (despite heavy incentives), and Honda(NYSE: HMC) & Toyota (NYSE: TM) will also somewhat underperform as compared to the overall market.
The report said that the Q1 2010 production is expected to be lower then Q409 mainly on account of accumulating inventories.
