US Retail Sales Post Double-Digit Climb in November 2011

US retail light-vehicle sales in November rose 14.8% from a year ago to 818,609 units, which translates to a seasonally adjusted selling pace (SAAR) of 11.7 million units, based on analysis by J.D. Power’s Power Information Network® (PIN) and LMC Automotive. The sales pace in November was much stronger than the 9.7 million-unit pace in November 2010 and also surpassed October’s retail sales rate.

Fleet sales in November were less than 175,000 units and down 10.6% from a year ago. The fleet SAAR of 1.9 million units receded from 2.5 million units in November 2010. Continue reading ›

November US Sales Strengthen; 2011 Forecast Raised

Retail car and light-truck sales in the first half of November* were stronger than anticipated, translating to a projected retail sales pace of 11.3 million units—the highest monthly selling rate in more than three years, according to a monthly sales update based on analysis from J.D. Power’s Power Information Network® (PIN) retail transaction data and LMC Automotive. The retail sales pace outdistances last year’s retail pace by some 1.6 million units.

Projected retail sales in November (791,900 units) provides good news as calendar 2011 proceeds to a close. In fact, the improving performance of the past 3 months suggests that the current momentum, primarily driven by replacement demand and improvements in vehicle availability, is not an aberration, suggests John Humphrey, senior vice president of global automotive operations at J.D. Power. Continue reading ›

November Sales Likely to Meet J.D. Power Projections

A majority of automakers reported higher US light-vehicle sales in November 2010 vs. the same month in 2009, indicating that the auto market has gained momentum, which should lead to a stronger finish in 2010. November total light-vehicle sales reached 871,299 units, up 12% on a selling-day-adjusted basis from 745,373 unit sales in November . . . Continue Reading November Sales Likely to Meet J.D. Power Projections