The auto industry in the US might post its sales volume in November since 2001, some forecasters say that the light-vehicle prices are on par to reach the highest ever for the second month in a row. TrueCar and Cars.com today projected that November’s seasonally adjusted, annualized market rate will hit 17 million, this is the second highest level, in eight years.
Year-end clearance sales and the lowest gasoline prices since 2010 are two big factors behind the forecasts. Many brands that traditionally schedule promotions around “Black Friday” and the rest of the Thanksgiving holiday weekend rolled out their deals weeks ago.
“Black Friday has established itself as the start of the final epic selling season of the year, and this year that season has started earlier than ever,” John Krafcik, president of TrueCar, said in a statement. “Hard-hitting sales events, great new products and receptive consumers are driving a 17 million SAAR in November — that’s terrific for the industry and a positive sign as we look to 2015.”