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November U.S. auto sales predicted to rise 12% from year ago

U.S. auto sales are rebounding after Superstorm Sandy cut sales in late October and early November, and this month should show a 12 percent increase from a year before, consultancies J.D. Power & Associates and LMC Automotive said today.

November auto sales have been rising each week, and there are signs that December will be a strong sales month to end the best year for U.S. auto sales since before the 2008-2009 economic downturn.

On a seasonally adjusted annualized basis, November sales are seen at 15 million new vehicles, LMC and J.D. Power said in today’s report.

The last time the U.S. sales rate hit 15 million was in February 2008 when it finished at 15.52 million, according to the Automotive News Data Center.

via Automotive News.



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