With car sales heading for a big “Friday Finish,” November’s numbers look as if they could shatter any number of records, according to analysts.
TrueCar, Inc. projects total new vehicle sales, including fleet deliveries, will reach 1.352 million units in November, a 3.9 % increase from a year ago and the highest ever for the month.
The expected growth will push the seasonally adjusted annualized rate or SAAR for total light vehicle sales to 18.6 million units, the strongest pace of any month so far this year and up from a 17.1 million-unit SAAR year ago. Solid consumer demand coupled with Black Friday campaigns may boost retail sales by 3% to 1,157,800 units. (more…)