Steel Markets
December 4, 2020
November Auto Sales Slip on Reduced Selling Days
Written by Sandy Williams
U.S. auto sales slowed in November, dipping to a seasonally adjusted annual pace of 15.55 million units from 16.21 million in October, says Wards Intelligence. The decline was attributed primarily to three fewer selling days and one less weekend during the month.
“November 2020 is a prime example of why accounting for selling day differences is important in measuring comparable sales performance,” said Thomas King, president of the data and analytics division at J.D. Power, in a research note. King added that rather than the apparent 15 percent decline, sales were actually down only 3.5 percent in the month.
