New-Car Sales Rise in November
Strikes don’t impact deliveries, which are benefiting from rebounding inventory.
Retail sales alone are also up, by an estimated 13% to 1,041,000.
IMAGE: Pexels/Torsten Dettlaff
November new-vehicle sales are up an estimated 10% year-over-year, according to a J.D. Power forecast.
The data provider updated its seasonally adjusted annual rate to 15.5 million units, up by 1.4 million year-over-year.
Retail sales alone are also up, by 13% to 1,041,000, J.D. Power estimates.
The deliveries increase is due to continuously improved inventory, despite the union strikes in Detroit, it said, estimating that retail supplies will end the month at about 1.6 million units, up about 8% month-over-month and a whopping 44% year-over-year, though still down more than 40% from before the pandemic.
The rebalancing is pushing down the average retail sales price, which fell about 2% year-over-year in November to $45,332, J.D. Power said.
Dealer profits, though, are still high, it said. Profit per unit is an estimated $3,002, down about 29% year-over-year but “more than double” that of November 2019.
Originally posted on Auto Dealer Today
More Showroom
Focus on Vehicle Cabins
The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.
Read More →
State Follows Federal Warning on Auto Ads
The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.
Read More →
European EV Market Hits Record
Seven out of the top 10 electric vehicles sold so far in 2026 in Europe are by European brands, and automakers are seeing the power train fill up their order books.
Read More →
Used EVs Outpace New
While North American electric-vehicle sales remain down year-over-year, May sales saw a 3% increase from April’s numbers as used EVs led the market.
Read More →
New Vehicles Down for Most Brands
Healthy May sales cut into inventory as automakers kept a tight reign on supply, though some brands ended the month with excess units on the ground.
Read More →
Auto Prices Ride May Moderation
Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.
Read More →
Mitsubishi Sets Growth Strategy, Structural Transformation
The Japanese automaker aims to 'strengthen products and technologies that embody its brand identity,' focus on its strongest markets and expand value-chain businesses 'that leverage its unique strengths.'
Read More →
Affordable, Safe Cars for Teen Drivers
Families looking to balance affordability and safety in vehicles for their teen drivers can look to the updated list of recommended vehicles by IIHS and Consumer Reports.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
Holman Opens Porsche Dealership in Miami
The North Miami store features the brand’s signature Destination Porsche design concept, combining contemporary architecture and technology to create what the auto group calls an ultra-luxury experience.
Read More →