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Driven by a strong late-month push, sales of new cars and trucks in November appear to have improved slightly from a disappointing October,
the weakest auto-sales month in the United States since the summer of 1998, according to the Detroit Free Press.
Dealers and auto analysts said sales picked up the last two weeks of November, after a sluggish start. They credited the burst to
improving consumer confidence and slightly higher cash incentives than were available in October.
The strong finish should give automakers,
suppliers and all the other constituents that track auto sales some reason for optimism heading into December, according to the Free Press.
Dealers said buyers were spurred on by positive economic news, such as a drop in U.S. jobless
claims and a rising stock market, the Free Press reported.
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
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