Car sales increase after Black Friday – tech2.org

Car sales increase after Black Friday



[ad_1]

DETROIT | Black Friday deals and strong consumer sentiment boosted car sales in November, despite declining demand for post-hurricane replacement vehicles.

United States. Auto and truck sales increased 1 percent to almost 1.4 million, according to Autodata Corp., a market badysis firm.

Some badysts initially predicted that November sales would fall as post-hurricane sales slowed down in Texas and Florida. But the Black Friday promotions – which started in early November – helped attract buyers to dealerships.

Fiat Chrysler was offering up to $ 16,000 of its Chrysler 300 sedan, while Hyundai was paying $ 3,750 of the price of a Santa Fe SUV. Car buying site KBB.com said automotive credit applications rose 42 percent. percent on Black Friday compared to other November Fridays.

Car manufacturers offered an average of $ 3,700 to $ 3,800 in incentives per vehicle in November. As prices rise, deals are approaching, badysts say. The trend is likely to continue in 2018, when US sales are expected. UU Lower and manufacturers are willing to maintain their market share.

November sales were boosted by strong US consumer confidence, which reached its highest level since November 2000, according to the Conference Board.

Here are other details about November sales:

n Sales of the Subaru brand increased 1 percent to 51,721 vehicles. The sales of the recently renovated Impreza sedan more than tripled, decreased the compensation of the Outback SUV.

n Hyundai Motor Co. sales fell 9 percent to 55,435 vehicles. Sales of his Tucson truck were up 51 percent, but they could not make up for the sharp declines in auto sales. Genesis luxury sales increased slightly.

n Sales of Toyota Motor Corp. fell 3 percent to 191,617 despite the fact that the revamped Camry sedan and the small RAV4 SUV posted record highs in November. The increase in sales of vans and SUVs was offset by strong declines in car sales. Luxury Lexus sales fell 7 percent.

n Sales of Honda Motor Co. increased 8 percent to 133,156. Sales of the CR-V SUV increased by 25 percent. Acura luxury sales increased 10 percent.

n Sales of General Motors Co. fell 3 percent to 245,387. Cadillac sales fell 13 percent, but GMC, Chevrolet and Buick experienced smaller declines. GM's bestseller, the Chevrolet Silverado pickup, rose 3 percent.

n Sales of Fiat Chrysler fell 4 percent to 154,919. Sales of the Chrysler brand rose 14 percent thanks to strong sales of the Pacifica van, and Alfa Romeo sales increased. But sales fell for the company's Ram, Jeep, Dodge and Fiat brands.

n Sales of the Volkswagen brand fell 1.6 percent to 29,207 when a new Tiguan SUV began to be extended to dealerships.

n Sales of Ford Motor Co. rose 7 percent to 210,771 due to strong demand for trucks and SUVs. Ford sold 72,769 F-Series pickups, marking the best November for that vehicle since 2001. Lincoln's luxury sales fell 5.5 percent.

November Auto Sales

Nov. Pct. change

Vehicle 2017 as of November 2016

Ford F-Series 72,769 0.9 percent

Chevrolet Silverado 46,441 2.6 percent

Ram 36,714 -0.5 percent

Toyota Camry 34,991 24.1 percent

Honda CR-V 32,206 25 percent

Honda Civic 31,181 23.2 percent

Toyota RAV4 28,736 2.2 percent

Ford Escape 25,101 9.1 percent

Ford Explorer 24,110 22.8 percent cent

Source: Autodata Corp.

^

[ad_2]
Source link

Leave a Reply

Your email address will not be published.