SANTA MONICA, Calif. — This month's new vehicle sales (including fleet sales) are expected to be 1.2 million units, virtually unchanged from November 2006 and a 2.5-percent decrease from October 2007, according to Edmunds.com.
"Given the industry trends, we have adjusted our year-end forecast," stated Jesse Toprak, executive director of industry analysis for Edmunds.com. “We now expect 2007 sales to total 16.13 million units, and predict that no more than 16 million cars and light trucks will be sold in 2008."
"Our analysis of vehicle segments indicates that compact cars and compact SUVs are achieving the most growth in November, while minivans and large cars are flailing," commented Michelle Krebs, senior editor of Edmunds' AutoObserver.com. "Consumers are now looking for maximum functionality in smaller, more fuel-efficient vehicles, and the automakers who have put together the most compelling packages for them are the only players winning in today’s game."
The combined monthly U.S. market share for Chrysler, Ford and General Motors (GM) domestic nameplates is estimated to be 51.2 percent in November 2007, down from 53.2 percent in November 2006 and down from 52.5 percent in October 2007.
Edmunds.com predicts Chrysler will sell 146,000 units in November, down 11.2 percent compared to November 2006 but up 0.6 percent from October. This would result in a new-car market share of 12.2 percent for Chrysler in November, down from 13.8 percent in November 2006 and up from 11.8 percent in October.
Ford is predicted to sell 176,000 units in November, unchanged compared to November 2006 and down 7.6 percent from October. This would result in a market share of 14.7 percent of new-car sales in November for Ford, down slightly from 14.8 percent in November 2006 and down from 15.5 percent in October.
Edmunds.com predicts GM will sell 290,000 units in November, down 1.3 percent compared to the same period last year and down 5.7 percent from October. GM's market share is expected to be 24.3 percent of new-vehicle sales in November, down from 24.6 percent in November 2006 and down from 25.1 percent in October.
Edmunds.com predicts Honda will sell 115,000 units in November, up 8.1 percent from a year ago and unchanged from October. Its market share is expected to be 9.6 percent in November, up from 8.9 percent in the same month last year and up slightly from 9.4 percent in October.
Nissan is predicted to sell 83,000 units in November, up 9.5 percent from November 2006 and down 2.0 percent from October. Nissan's market share is expected to be 7.0 percent in November, up from 6.4 percent in November 2006 and up slightly from 6.9 percent in October.
Edmunds.com predicts Toyota will sell 199,000 units in November, up 1.2 percent from November 2006 and up 0.7 percent from October. Toyota's market share is expected to be 16.6 percent in November, up slightly from 16.5 percent in November 2006 and up from 16.1 percent in October.