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Edmunds.com, the resource for car shopping and automotive information, 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. The projected sales will be a 0.7 percent decrease from October 2013, but a 4.7 percent increase from November 2012.
"Any economic uncertainty that car shoppers might have felt in October seems to be a distant memory by now," said Edmunds.com 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."
SALES VOLUME FORECAST, BY MANUFACTURER
Sales Volume
Nov-13 Forecast
Nov-12
Oct-13
Change from Nov 2012*
Change from Oct 2013*
GM
200,783
186,505
226,402
7.7%
-11.3%
Ford
182,451
177,092
191,267
3.0%
-4.6%
Toyota
173,794
161,695
168,976
7.5%
2.9%
Chrysler Group
134,817
122,565
140,083
10.0%
-3.8%
Honda
114,687
116,580
114,538
-1.6%
0.1%
Nissan
99,589
96,197
91,018
3.5%
9.4%
Hyundai/Kia
93,493
94,542
93,309
-1.1%
0.2%
VW/Audi
45,571
48,795
41,130
-6.6%
10.8%
Industry
1,196,663
1,143,205
1,204,906
4.7%
-0.7%
*NOTE: November 2013 had 26 selling days, November 2012 had 25 and October 2013 had 27.
Edmunds.com estimates that retail SAAR will come in at 13.3 million vehicles in November, with fleet transactions accounting for 15.0 percent of total sales. An estimated 2.66 million used cars will be sold in November, for a SAAR of 36.5 million (compared to 3.04 million – or a SAAR of 35.4 million – used car sales in October).
AUTOMAKER PERFORMANCE
Edmunds.com projects that Chrysler will enjoy the best year-over-year performance of any major automaker. Its sales are projected to climb 10 percent over November 2012, even though they're expected to fall almost four percent from last month. Conversely, VW/Audi is projected to fall more than any other major automaker this month (-6.6 percent from November 2012), even though it is expected to climb higher than any other automaker month to month (+10.8 percent over October).
MARKET SHARE FORECAST, BY MANUFACTURER
Market Share
Nov-13 Forecast
Nov-12
Oct-13
Change from November 2012
(Percentage pts.)
Change from October 2013
(Percentage pts.)
GM
16.8%
16.3%
18.8%
0.5%
-2.0%
Ford
15.2%
15.5%
15.9%
-0.2%
-0.6%
Toyota
14.5%
14.1%
14.0%
0.4%
0.5%
Chrysler Group
11.3%
10.7%
11.6%
0.5%
-0.4%
Honda
9.6%
10.2%
9.5%
-0.6%
0.1%
Nissan
8.3%
8.4%
7.6%
-0.1%
0.8%
Hyundai/Kia
7.8%
8.3%
7.7%
-0.5%
0.1%
VW/Audi
3.8%
4.3%
3.4%
-0.5%
0.4%
More insight into recent auto industry trends can be found in Edmunds.com's Industry Center at http://www.edmunds.com/industry-center/.
