{"id":141650,"date":"2019-12-03T12:49:19","date_gmt":"2019-12-03T17:49:19","guid":{"rendered":"https:\/\/www.thedetroitbureau.com\/?p=141650"},"modified":"2019-12-03T15:29:28","modified_gmt":"2019-12-03T20:29:28","slug":"u-s-new-vehicle-sales-rise-in-november","status":"publish","type":"post","link":"https:\/\/thedetroitbureau.com\/2019\/12\/u-s-new-vehicle-sales-rise-in-november\/","title":{"rendered":"U.S. New Vehicle Sales Rise in November"},"content":{"rendered":"
\"\"<\/a>
The popularity of Toyota’s RAV4 is pushing the company to add 400 more workers at its Kentucky plant.<\/figcaption><\/figure>\n

This story contains updated results from later in the day.<\/strong><\/em><\/p>\n

Consumers seem to have figured out\u00a0automakers are prepared to offer their best deals during the industry\u2019s year-end marketing push, which now begins before the Thanksgiving holidays as manufacturers reporting November sales reported solid gains.<\/p>\n

American Honda sets new November sales records for total vehicles (up 11.1%) and trucks (up 18.2%) and Acura brand increased 3.1%, with record November truck sales.<\/p>\n

“With one month to go in 2019, robust sales of light trucks are leading the Honda and Acura brands to a strong finish, with record November auto sales for American Honda,” said Henio Arcangeli Jr., senior vice president of Automobile Sales, American Honda Motor Co.<\/p>\n

<\/p>\n

(Post-Thanksgiving weekend key to November auto sales)<\/strong><\/em><\/a><\/p>\n

“Based on the strength of our products and disciplined approach to sales, American Honda is bucking industry trends, with record sales in three of the last four months.”<\/p>\n

\"\"<\/a>
The new Hyundai Santa Fe enjoyed a strong sales increase in November, as did most of the brand’s SUV line-up.<\/figcaption><\/figure>\n

Toyota Motor North America reported November 2019 sales of 207,857 vehicles, an increase of 9.2% on a volume basis and up 5% on a daily selling rate basis versus November 2018. Toyota division posted its best-ever November with 177,764 vehicles sold; an increase of 8.4% on a volume basis and 4.2% on a DSR basis.<\/p>\n

The RAV4 led the way with a sales increase of 26.4%, marking a best-ever November; led by RAV4 Hybrid with 10,057 units sold. Lexus division posted its best-ever November with 30,093 vehicles sold; an increase of 13.8% on a volume basis and 9.4% on a DSR basis.<\/p>\n

Hyundai Motor Co.\u00a0reported a solid 6.2% rise in November sales to 60,601 vehicles. It was the company\u2019s 15th gain in the last 16 months. The company\u2019s retail sales jumped 19% last month.<\/p>\n

\u201cThanks to the strongest product line-up we\u2019ve ever had and the dedication of our retail partners to provide a better sales experience, we were successful in growing retail sales by double digits, while keeping incentive spending below industry average,\u201d said Randy Parker, vice president, National Sales, Hyundai Motor America.<\/p>\n

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Honda said its sales increase in November came courtesy of CR-V and HR-V.<\/figcaption><\/figure>\n

(Skip the deals on\u00a0<\/strong><\/em>TVs and toys, get a new car on Black Friday)<\/i><\/b><\/a><\/p>\n

Nissan, which has struggled of late, was the exception. Nissan brand sales dropped 13.3% and Infiniti brand sales dropped by one third or 33%.<\/p>\n

German premium brand Audi saw is sales rise 20.7% to 20,618 units from 17,082 last November. The company’s increase was led by by its SUV line-up.<\/p>\n

Detroit\u2019s automakers \u2013 General Motors, Ford and Fiat Chrysler \u2013 no longer report sales on a monthly basis.<\/p>\n

Meanwhile, ALG, a subsidiary of TrueCar, and a leader in determining the future resale value of a vehicle, projects average transaction prices or to be up 1.3% or $460 from a year ago and up 0.4% or $152 from October 2019.<\/p>\n

\u201cNot only are consumers preferring SUVs which are typically more expensive than their sedan counterparts, but they\u2019re also choosing not to skimp on in-vehicle features and content, a positive indicator of consumer confidence in the economy,\u201d said Oliver Strauss, chief economist at ALG.<\/p>\n

\u201cAutomaker revenue is coming in strong as well, up 2.2% year-over-year, another signal that the automotive industry remains healthy.\u201d<\/p>\n

(Toyota riding wave of new product launches)<\/strong><\/em><\/a><\/p>\n

Total light-vehicle sales are expected to come in at an adjusted annualized rate of 17.5 million in November, a touch better than 17.4 million a year ago, according to LMC Automotive and J.D. Power. They expect industry deliveries to drop to 16.8 million in 2020, from about 17.1 million this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Consumers have figured out\u00a0automakers are prepared to offer their best deals during the industry\u2019s year-end marketing push, which now begins before the Thanksgiving holidays as manufacturers reporting November sales reported solid gains. See the big winners at TheDetroitBureau.com.<\/p>\n","protected":false},"author":20009,"featured_media":140399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[7,8,5,9],"tags":[],"make":[],"post-state":[],"category_old":[118,150,151,123,133,131,155,299,154,163,132,129,283,159,125,124,139,148,164,128,278,288],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/141650"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/20009"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=141650"}],"version-history":[{"count":0,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/141650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/140399"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=141650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=141650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=141650"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=141650"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=141650"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=141650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}