Monday, November 25, 2013

Vehicle Sales Forecasts: Stronger Sales Expected in November

by Calculated Risk on 11/25/2013 01:01:00 PM

Note: The automakers will report November vehicle sales on December 3rd.

Here are a few forecasts:

From WardsAuto: Forecast Calls for Post-Shutdown Bounce

U.S. automakers should sell 1.21 million light vehicles in November, according to a new WardsAuto forecast.
The forecast sales volume (over 26 days) would represent ... equate to a 15.9 million-unit SAAR.
From JD Power: Consumer Demand for New Vehicles Picks Up in November
In November, U.S. new-vehicle sales are likely to reach 1.2 million units ... based on an auto sales forecast update from J.D. Power and strategic partner LMC Automotive.

The average sales pace in November is expected to translate to a 16.1 million-unit seasonally adjusted annual rate, or SAAR, which would ... outpace the 15.2 million-unit SAAR in October, 2013.
From November Auto Sales Set the Tone for Final Stretch of 2013, Forecasts ... forecasts that 1,196,663 new cars and trucks will be sold in the U.S. in November for an estimated Seasonally Adjusted Annual Rate (SAAR) of 15.7 million.

"Any economic uncertainty that car shoppers might have felt in October seems to be a distant memory by now," says Senior Analyst Jessica Caldwell. "Car buyers are already taking advantage of advertised holiday deals, and as we plow deeper into the holiday season, the table is set for 2013 to finish on a very strong note."
It appears sales in November will be significantly above the government slowdown pace of 15.154 million in October 2013.