Post-Sandy bump bolsters year-end sales momentum, pushes November SAAR to a 58-month high.
November 2012 Light Vehicle Sales Volume:
WardsAuto forecast: 1.121 million units
Actual sales: 1.139 million units
November 2012 Light Vehicle SAAR:
WardsAuto forecast: 15.23 million
Actual SAAR: 15.46 million
U.S. Sales Summary Table: Company by Company results.
With bounce-back sales from Superstorm Sandy adding to year-end sales momentum, strong year-over-year results pushed the November SAAR to its highest level since January 2008.Sales updates below -
5:45reports sales of 2,224 units. LV total final. SAAR Finishes at 15.46 million and change, a hair above the February 2008 SAAR, making November's adjusted sales rated the highest in 58 Months
5:00 With WardsAuto estimating Suzuki sales at 2,217 units, based on stock changes, auto makers in the U.S. sold 1.14 million vehicles million
3:50 PM With only market-exiting Suzuki left to post, the U.S. LV SAAR sits balance almost exactly at the February 2008 rate. Depending on the small auto maker's report, November's sales rate will round to either 15.4 million or 15.5 million, and will be the highest seasonally adjusted rate since either February or January 2008.
2:15 PM An hour aferGroup posted its best sales month ever, followed suit, reporting a 15.6% increase in sales of its Mercedes, Smart, and Sprinter vehicles compared to year-ago. Volvo had a strong month as well, up 26.8%, helping lift the Europeans auto makers to a combined year-over-year gain of 26.2% Only Jaguar Land Rover reported a decline (-7%) in November sales versus same-month 2011.
reported a 17.7% increase in sales for the month, coming in some 9% better than expectations.
1:15 AM:Group does , Kia and one better, setting not only a November sales record, but a single-month sales volume record, delivering 36,461 BMW and Mni vehicles.
1:00 PM:reports a 38.9% jump in sales over year-ago - strong Civic (+75%) and Accord sales (+82%), both versus stock-challenged year-ago results, lead auto maker to best November ever -"surpassing salesrecords set pre-recession, a true sign that our business has recovered," according to Honda spokesperson.
With Top 7 auto makers all reporting, estimated SAAR for the month is currently above 15.3 million.
12:30 PM: Kia rolls in after lunchwith a 12.9% pop indeliveries vs.last year, while Prosche adds to the Euro-tally, up a whopping 71.4% over year-ago, with just under 3,900 November sales. 10:30 AM: Detroit 3 sales up 6.9% in November, up 8.1% YTD. Bothand GM trackingunder 5% gains on 2011. is up nearly 22% for the first 11 months.
10:00 AM: A wave of new reports -LV sales up 5.8%, slightly better than expected - despite weak Fusion sales, related to a slow production ramp up/low inventory.
GM up just 3.4% - lowest of ANY auto makers reporting so far - with 186,505 light deliveries.
, meanwhile, blows past expectations, with 96,167 November sales - up 12.9% versus a good year-ago. VW gained 29.3% year/year, while stablemate Audi upped sales 24.4% vs. yr.-ago.
9:55 AM: WardsAuto analyst Haig Stoddard point out, though, that 's 4,489 Dart sales tally is lower than the last couple months. "And that's after inventory jumped to over 23,000 units ... "wonder how long the Belvidere plant can justify three shifts without some big inventives on Dart?"
9:45 Subaru sales also strong - versus inventory-weakened year-ago sales - up 59.7%.
9:30 AM:Chrysler reports 121,886 light vehicle sales in October, up 14.4% over same-month year ago.
WardsAuto analyst Haig Stoddard point out, though, that Chrysler's 4,489 Dart sales tally is lower than the last couple months. "And that's after inventory jumped to over 23,000 units ... "wonder how long the Belvidere plant can justify three shifts without some big inventives on Dart?"
brand sales reached 53,487 units, up 7.8% against a strong same-month 2011 result. Subaru sales also strong - versus inventory-weakened year-ago sales - up 59.7%.