Steel Markets
December 1, 2017
Auto Sales Stronger Than Expected in November
Written by Sandy Williams
A strong U.S. economy is helping to boost auto sales along with incentives offered by dealers to move 2017 models off dealer lots. Approximately 1.383 million U.S. light-vehicles were sold in November, according to WardsAuto, after providing an estimate for delayed Nissan sales results. That puts the seasonally adjusted annual rate at 17.3 million units, below the 17.65 million posted in November 2016 and October’s high of 18 million, but still trending above the 17 million mark.
“The sales surge that started in September due to replacement of hurricane-damaged vehicles, along with incentive activity to reduce excess inventory, has come to an end,” writes WardsAuto. “November and December likely will follow the 17 million SAAR average of the preceding months.”
