Steel Markets
December 4, 2016
November US Auto Sales Move Industry Closer to Another Record Year
Written by Sandy Williams
Automotive manufacturers reported strong sales for November with light-vehicle volumes up 3.5 percent year over year. Wards Auto data indicated the seasonally adjusted annual rate reached 17.75 million, in line with their forecast of 17.68 million.
Analysts are unsure if 2016 sales will top last year’s record of 17.47 million but it is likely to be close. Autodata Corp puts the year-to-date total at 15,859,922, up 0.1 percent from last year. Total unit volume in November, according to Autodata, was 1,380,558 units. December is historically a robust month for auto sales and may be enough to push volume to a new record.
