By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: November Car Sales Drive Toward Record
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
New Car

November Car Sales Drive Toward Record

anik
Last updated: 2015/12/26 at 10:08 AM
By anik 2 Min Read
Share
SHARE

U.S. new-car sales in November continued to run at a blistering pace, putting the auto industry on track to challenge the 17.35 million sales peak reached in 2000.

A spate of Black Friday deals coupled with cheap gasoline and low financing costs helped auto makers overall deliver a 1.4% increase over the same month last year, offsetting what historically is a sluggish sales month. The tally brings the industry this year to 15.82 million vehicles through November.

The results continued an annual sales pace that is tracking to be among the best in U.S. history, and raised industry optimism for a new annual record, barring a string of bad weather or other unexpected woes. Ford Motor Co. said on Tuesday it would spend $1.3 billion, about a fifth of its typical annual capital-expenditure budget, to upgrade a pickup truck plant in Kentucky.

“There is a lot of inventory and auto makers are going to come out with guns blazing,” said Ernie Boch Jr., chief executive of Boch Automotive, a Norwood, Mass., dealership. “Right now, I don’t see any signs of [demand] letting up.”

With gasoline prices nationwide hovering around $2 a gallon, sales of the heavier vehicles that deliver substantially higher profits to auto makers are driving the industry. Nearly 59% of November’s volume was classified as light trucks, according to researcher Autodata Corp., including smaller SUVs.

These light trucks represented three out of every four vehicles sold by Detroit auto makers last month, representing nearly the highest mix of pickup and SUV deliveries as a percentage of sales in history. More than 80% of Fiat Chrysler Automobiles NV sales last month were light trucks.

 [“source-wsj”]

You Might Also Like

Character And Identity

It’s a long, excruciating wait for a new car; cancellations are up, buyer sentiment down

Man Shot In Face For Resisting Robbery In Delhi, Hospitalised: Police

Mercedes-Benz Vision EQXX Achieved 1000 Km Drive Range Using Bridgestone’s Hyper-Efficient Tyres

Maruti Suzuki to Launch Multiple Electric Vehicle Models in India Starting in 2025

TAGGED: Drive Toward Record, November Car Sales
anik December 26, 2015
Share
Previous Article Steve Evans drops future Leeds United team selection hint
Next Article 10 New Car Costs the Dealer Is Hiding From You

Calendar

September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Jun    

Latest Trending News

  • Step by Step in Selling Your Car Online June 19, 2023
  • Why Use BMW Km Stopper? April 28, 2023
  • Strategies to Attract Qualified Truck Drivers and Retain Them Long-Term March 28, 2023
  • Rent a McLaren for Your Next Luxury Trip March 2, 2023
  • Qualities of Handicap Vehicles For Sale December 10, 2022
  • Characteristics of Electric Road Bikes October 13, 2022
  • The Advantages of Digital Marketing October 12, 2022

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?