Monday, November 23, 2020

November Vehicle Sales Forecast: "Second Straight Month-to-Month Decline"

by Calculated Risk on 11/23/2020 05:50:00 PM

From Wards: November U.S. Light-Vehicle Sales Forecast for Second Straight Month-to-Month Decline (pay content)

Vehicle Sales ForecastClick on graph for larger image.

This graph shows actual sales from the BEA (Blue), and Wards forecast for November (Red).

Sales have bounced back from the April low, but will likely be down around 7% year-over-year in November.

The Wards forecast of 15.7 million SAAR, would be down about 3% from October.

This would put sales in 2020, through November, down about 16% compared to the same period in 2019.