November U.S. Sales Up at Most Asian Brands
Kia breaks its November record, Subaru leads pack with 52% jump.
The Outback SUV was Subaru's top performer in November, when the brand led Asian carmakers in sales.
IMAGE: Subaru
IMAGE: Getty Images/Fahroni
November U.S. sales by most Asian carmakers surged, led by Subaru, whose sales skyrocketed 52% year-over-year, followed by Hyundai, whose deliveries jumped 43%.
Mazda’s rose 31% and Kia’s 25%, breaking that brand’s November record set in 2016.
Honda sales were the outlier, dropping 6% year-over-year, its 16th straight month of sales declines.
Most carmakers no longer report sales monthly. Ford will release its November results on Friday.
Sales are being buoyed by improved retail inventories.
A J.D. Power-LMC Automotive forecast shows retail and nonretail November sales are projected to be up 5.6% year-over-year. Not adjusting for the number of selling days translates to a 10% increase. Retail sales alone are forecasted to be flat; the unadjusted comparison translates to a 3.8% increase.
“November results demonstrate that vehicle production is continuing to improve, with available retail inventory exceeding one million units for a second consecutive month and a larger share of manufacturers’ production being allocated to fleet customers,” said J.D. Power Data and Analytics Division President Thomas King in a press release.
Originally posted on Auto Dealer Today
More Showroom
California Sees Quarterly Gains
California’s new-vehicle market saw a boost in hybrids in the third quarter and its first overall quarterly market gain of the year.
Read More →
New-Vehicle Prices Stay Put
Affordability pressures and model availability shaped new-vehicle sales in September, according to an analysis by Kelley Blue Book.
Read More →
EV Buyer Consideration Shifts
What drives American consumers to purchase an electric vehicle is shifting as the question moves away from Should I?' to 'Which features and experience do I want to have?'
Read More →
Year-to-Date Auto Sales Holding Their Own
A forecast through August shows that automakers have shifted strategies to keep deliveries and revenues up despite tariffs and other economic challenges.
Read More →
Slow to Robo
Ten years of polling consumers shows autonomous vehicles’ profiles have risen considerably, but even more people now want at least some level of control if they go that route.
Read More →
Dealers a Little Down
A third-quarter Cox Automotive survey finds them in a mixed mood, bummed by fallen customer traffic but encouraged by better profits, costs and EV interest.
Read More →
European EV Sales Skyrocket
The EV market on the continent held strong in July with almost 25% of new-car sales being fully electric units, a stark contrast to the U.S., where EV sales declined about 42%.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →