US: Japanese automakers take advantage of November sales spree image

With the annualized selling pace now at an incredible 17.2 million units last month, the majority of automakers rode the delivery pace – with the traditional Japanese automakers posting good results.

As analysts predicted a SAAR of around 16.8 million for last month – the ninth consecutive month of 16 million or more, the reality proved better than forecasted and hit the astonishing pace for the best November in 11 years. It’s also the second only month with a SAAR of more than 17 million since 2006 after in August the tally was at 17.5 million.

Toyota, the world’s largest automaker, secured a 3% growth last month to a total of 183,343 vehicles. The deliveries for the compact Corolla model rose 14% and the luxury brand Lexus saw its best November ever with 27,472 units. SUV sales soared, while the Camry and the eternal best-selling hybrid Prius dropped.

Nissan continued its decline, albeit at a much slower pace of 3.1%, reaching total sales of 103,188 autos. On the other hand, the 11 month figures paint a different picture – the Yokohama, Japan-based carmaker has reached record deliveries of 1.27 million, rising 11% from the same period last year.

Honda doesn’t seem to be hindered by the growing Takata airbag recall crisis, with the Japanese automaker’s deliveries up 4.6% to 121,814 units.

Via Bloomberg, Reuters