New vehicle sales are expected to reach 1.36 million units in November, a 1% drop from the year before, and an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book.
This drop follows two consecutive months of more than 18 million SAAR. These higher sales, however, were mainly caused by increased replacement demand from the hurricanes in Texas and Florida, which at this point seems to have been met, KBB noted.
Honda is expected to see the biggest year-over-year improvement during November, with sales volume expected to grow by 3.3%. Of the domestic brands, Ford is expected to be the only one to see a year-over-year sales volume increase, with a 1.8% year-over-year improvement. The forecast for Hyundai-Kia is a 12.2% sales volume decline, the biggest among the brands sold in the U.S.
Compact SUV/crossovers and full-size pickup trucks are expected to continue their dominance in November. The two segments are expected to see sales volume grow 7.6% and 7.5% year-over-year, respectively.
On the other side of the spectrum, mid-size cars are expected to sell 13.1% less volume than the same time last year, the highest decline among tracked segments.
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