November Auto Sales Roundup

Automakers reported November sales Tuesday, with Reuters observing that the “top six automakers sold more cars and trucks in November than analysts expected, with a healthy economy, generous discounts and low fuel prices luring consumers into U.S. showrooms.

“November sales totaled 1.3 million, up 4.6 percent from a year ago and higher than analysts' expectations of 1.27 million.”

Ford Motor Company F U.S. sales totaled 187,000 vehicles in November, down 2 percent from a year ago.

Ford's press release focused on the positive news by stating that its "all-new Mustang is moving quickly off dealer lots,” according to John Felice, Ford vice president, U.S. Marketing, Sales and Service. “Mustang had its best November sales in eight years and is turning in just eight days on dealer lots, on average. Escape saw record sales for November, while Lincoln sales continue gaining momentum, with the brand posting its best sales since 2007.”

General Motors Company GM dealers in the United States delivered 225,818 vehicles last month for the company’s best November sales in seven years. Total sales were up 6 percent compared to a year ago, retail sales were up 5 percent and fleet deliveries were up 11 percent.

“The buzz around Black Friday helped drive strong showroom traffic but there was a lot more at work in the market,” said Kurt McNeil, U.S. vice president of Sales Operations. “More people have jobs and job security, their wages are starting to increase, household wealth is growing and low pump prices look like they’re here to stay through 2015. All of this helped deliver an exceptional month and it will help keep auto sales at very healthy levels going forward.”

Chrysler Group LLC, of Fiat Chrysler Automobiles NV FCAU, reported U.S. sales of 170,839 units, a 20 percent increase compared with sales in November 2013 (142,275 units), and the group’s best November sales since 2001.

Toyota Motor Corp (ADR) TM reported total November 2014 sales results of 183,346 units, an increase of 3 percent over November 2013 on an unadjusted volume basis. When adjusted for 25 selling days in November 2014 vs. 26 selling days in November 2013, sales increased 7.1 percent over the year-ago month.

General Motors, Ford, and Toyota all traded higher Tuesday.

Posted In: NewsReuters
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