agent Entrepreneur logo
MenuMENU
SearchSEARCH

Brisk November Car Sales Likely to Add Momentum

November 28, 2011
3 min to read


DETROIT - The Christmas season is starting early for the auto industry.


On Thursday, auto makers are due to report new-vehicle sales for November, and analysts are expecting the data to show a brisk pace of sales despite the gloomy U.S. economy and enduring worries about the European debt crisis, reported The Wall Street Journal.

Ad Loading...


TrueCar.com, an auto-information website, forecasts that U.S. sales in November rose 11.5 percent from a year ago, to just over one million cars and light trucks. That should be enough to push the seasonally adjusted annualized selling rate to 13.3 million vehicles, which would be the strongest pace of the year, just ahead of February's rate of 13.29 million.


"Despite some uncertainty in the financial markets, demand for cars remains relatively strong," said Jesse Toprak, an analyst at TrueCar. "November will be the sixth straight month of year-on-year sales increases, and that shows we're gaining some momentum."


The industry started off 2011 with sales strengthening through the first three months of the year, but then the March 11 earthquake in Japan left Toyota Motor Corp., Honda Motor Co and, to a lesser extent, Nissan Motor Co. with a shortage of vehicles. Concerns about the U.S. economy also grew in the second quarter and the pace of sales slowed in June to 11.56 million vehicles on an annualized basis.


The sales pace climbed back above 13 million vehicles in September and October, raising hopes the industry is headed for a strong finish to the year.


At Group 1 Automotive Inc., a large dealership chain based in Houston, Texas, Chief Executive Earl Hesterberg said new-car sales in the first three weeks of November were stronger than expected, and that inventories of Toyota and Honda cars and trucks are improving.

Ad Loading...


"We are optimistic that the selling rate for the remainder of the year will be decent—much more like September and October than the slower summer months," Mr. Hesterberg said.


TrueCar is forecasting Honda will report a 7 percent rise in sales, which would lift its monthly total above 100,000 cars and trucks. It last broke that mark in April, before the March earthquake and tsunami had taken its toll.


TrueCar is also expecting a big month for Chrysler Group LLC, forecasting a 38 percent gain compared to a particularly weak year-ago total, and another strong showing from Korean auto makers Hyundai Motor Co. and Kia Motor Co.


Nissan, which is less dependent on importing cars from Japan than Honda and Toyota, has seen its inventory bounce back to health levels faster than its two rivals. Mr. Toprak predicted Nissan's sales will rise 12 percent in November.


Ford Motor Co. and General Motors Co. are also expected to report gains.

More Industry

F&Iby Lauren LawrenceFebruary 27, 2026

Price Driving Insurance Churn

Over half of insurance holders ages 18 to 29 reported to be 'somewhat' likely to change providers in the next 90 days, according to CivicScience, which found that interest was lower among older age groups.

Read More →
Industryby Lauren LawrenceFebruary 26, 2026

AI Drives Dealer Website Traffic

Total visits to dealer websites from generative artificial intelligence platforms grew more than 15 times year-over-year, signaling a shift in how many consumers shop for cars online.

Read More →
Industryby Hannah MitchellFebruary 26, 2026

Automakers Tops in Fuel Economy

In the U.S., Honda has the most efficient gas-electrified combo lineup while Tesla beats all automakers in annual EPA ranking as brands built their alternative-fuel offerings.

Read More →
Ad Loading...
F&Iby Lauren LawrenceFebruary 25, 2026

Report Finds Year-End F&I Strength

Deal volume ebbed and flowed throughout 2025, but product performance remained steady, according to automotive technology and data intelligence solutions provider StoneEagle.

Read More →
Industryby Hannah MitchellFebruary 24, 2026

Overall Consumer Confidence Up

Americans’ view of present business conditions, the labor market and family finances, though, are still in the dumps, and if they plan to buy cars, many target used units.

Read More →
Auto Financeby Lauren LawrenceFebruary 23, 2026

Auto Loan Forecast Bucks Market Trend

Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.

Read More →
Ad Loading...
F&Iby Hannah MitchellFebruary 23, 2026

Some Auto Brands Cheaper to Insure

A new top 10 list ranks the least expensive for average full insurance coverage on a clean driving record and high driver credit scores.

Read More →
Industryby StaffFebruary 20, 2026

Learn to Manage the Mayhem at Agent Summit

Rob Mancuso – president of Mancuso Automotive – will present a Keynote at the 2026 event.

Read More →
Fixed Opsby Hannah MitchellFebruary 20, 2026

Auto Recalls Sank Last Year

2025 Sedgwick data indicate that the number of vehicles affected fell to its lowest point in more than a decade.

Read More →
Ad Loading...
Industryby Lauren LawrenceFebruary 19, 2026

Affordability Leads Top-Rated List

Edmunds’ editorial team tested 300-plus vehicles to help determine the Top Rated Awards for 2026, and one brand stood out with multiple rankings, including Best of the Best.

Read More →