US: November sales seen growing on lower gas prices and incentives image

According to analysts and forecasters, this year’s November might bring the best sales for the month since 2001 – with one economist adding that light-vehicle transaction prices close to highest level ever for the second straight month.

According to projections coming from TrueCar and Cars.com, November’s seasonally adjusted, annualized selling rate is on pace to reach 17 million units. That would be the second-biggest threshold for any month in more than eight years. “Black Friday has established itself as the start of the final epic selling season of the year, and this year that season has started earlier than ever,” commented John Krafcik, president of TrueCar.
Edmunds.com is a little more reserved and projected the SAAR level to increase to 16.7 million, following October’s 16.5 million figure. Even more conservative were the experts at LMC Automotive, expecting again a SAAR of 16.5 million – the best level since August.

The two largest factors driving the increase in deliveries are the continuously dipping gasoline prices (they’re hitting their lowest levels since 2010) and the introduction of year-end clearance sales. Also, many carmakers and dealers that traditionally withheld promotions for the “Black Friday” and the rest of the Thanksgiving holiday weekend actually premiered the inventive schemes weeks ago.

Via Automotive News