Edmunds.com is reporting that November sales are on pace for a monthly SAAR of 13.5 million vehicles, which would be an increase over the 13.3 million unit SAAR last month. Retail sales are on pace to finish the month around 814,000 vehicles, which equates to a retail SAAR of 11 million vehicle sales. This, too, would be an increase over the retail SAAR of 10.8 million vehicles last month.
“As inventories and pricing improve, consumers who deferred a purchase during the Japanese earthquake aftermath are returning to market,” saysEdmunds.com CEO Jeremy Anwyl. “We saw this clearly in October sales, and it seems even more so this month. But even if we are in the middle of what turns out to be a small sales bubble, it still should make for a happier holiday season.”
You can find Jeremy Anwyl’s full commentary on the November sales pace at http://www.autoobserver.com/