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|Automaker||Nov. 2017||Nov. 2016||Pct. chng.||11 mos. |
|11 mos. |
|BMW of N.A.||32,197||30,804||Four.5%||315,136||328,892||-Four.2%|
|Fiat Chrysler Vehicles||156,060||162,207||-Three.Eight%||1,899,701||2,062,636||-7.9%|
|Ford Motor Co.||210,205||196,441||7.zero%||2,334,290||2,361,426||-1.1%|
|Honda Motor Co.||133,156||122,924||Eight.Three%||1,492,112||1,477,465||1.zero%|
|Hyundai Motor America||57,211||62,507||-Eight.5%||621,961||712,700||-12.7%|
|Kia Motors America||44,302||52,504||-15.6%||546,629||593,245||-7.9%|
|Jaguar Land Rover N.A.||9,862||9,040||9.1%||102,939||92,531||11.2%|
|Mitsubishi Motors N.A.||Eight,609||6,896||24.Eight%||95,185||88,884||7.1%|
|Nissan North America||135,985||115,136||18.1%||1,455,238||1,411,680||Three.1%|
|Subaru of America||51,721||51,308||zero.Eight%||584,614||551,955||5.9%|
|Toyota Motor Gross sales U.S.A.||191,617||197,645||-Three.1%||2,211,530||2,206,401||zero.2%|
|Volvo Automotive USA||7,854||7,719||1.7%||71,828||72,595||-1.1%|
|VW Group of America||54,292||52,777||2.9%||563,511||526,130||7.1%|
Numbers on this desk are calculated by Automotive Information primarily based on precise month-to-month gross sales reported by the producers and will differ from numbers reported elsewhere.
Supply: Automotive Information Information Middle
**Renault-Nissan acquired controlling curiosity in Mitsubishi Motors on Oct. 20, 2016.
***Displays Aston Martin, Ferrari and Lotus gross sales.
Honda’s U.S. quantity rose Eight.Three p.c to a November document of 133,166 automobiles and lightweight vehicles.
UPDATED: 12/Four/17 12:56 pm ET
U.S. auto gross sales, behind robust outcomes at Nissan, Ford and Honda, rose 1.Four p.c to 1,399,640 in November — a document for the month — exceeding most forecasts and pushed by light-truck demand and fatter offers.
It’s only the second month this 12 months that light-vehicle gross sales rose 12 months over 12 months. Mild truck quantity jumped 7.Four p.c whereas automotive deliveries remained weak, falling Eight.Eight p.c.
Amongst different main automakers, quantity slipped at Toyota, FCA, Normal Motors and Hyundai-Kia.
The seasonally adjusted, annualized gross sales price got here in at 17.55 million, effectively above the 17.Three million forecast and the third-highest tempo of the 12 months — behind 18 million-plus ranges in September and October. In November 2016, the SAAR got here in at 17.7 million.
“We received’t see a fourth quarter higher than final 12 months’s, however we will see optimistic momentum heading into 2018,” mentioned Jonathan Smoke, chief economist for Cox Automotive.
The U.S. new-vehicle market, after seven straight annual positive factors capped by a document 2016, is off 1.Four p.c by means of November, totally on sharply decrease automotive and fleet enterprise. However quantity continues to be on observe to high 17 million items for a 3rd straight 12 months.
“U.S. financial development has stepped up and we count on the momentum will carry over to 2018,” GM Chief Economist Mustafa Mohatarem mentioned in a press release. “Employment continues to develop at a strong tempo, wage development will speed up and shopper confidence simply hit a 17-year excessive, so business gross sales ought to stay robust.”
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Firm by firm
At Nissan Motor Co., gross sales jumped 18 p.c behind a 19 p.c improve on the Nissan model and seven.5 p.c achieve at Infiniti, with mixed mild truck deliveries rising 29 p.c at each manufacturers.
The Nissan model posted document November gross sales of 122,959, pushed by document November demand for 2 crossovers — the Rogue and Murano. Mixed automotive gross sales at Nissan and Infiniti rose 5.2 p.c.
Honda’s U.S. quantity rose Eight.Three p.c to a November document of 133,166.
American Honda mentioned automotive deliveries rose 1.Four p.c and lightweight truck demand jumped 15 p.c final month. Gross sales rose Eight.2 p.c on the Honda division even “with main opponents clinging to heavy incentives and financing offers to compete,” the model mentioned. Quantity elevated 9.5 p.c at Acura.
Ford’s 7 p.c improve in mild automobiles — aided by larger fleet and automotive and light-truck quantity — marked a third-straight month of positive factors of 6 p.c or extra. Deliveries final month elevated 7.6 p.c on the Ford division however fell 5.5 p.c at Lincoln.
Ford mentioned November automotive quantity edged up 2 p.c, SUV demand rose 13 p.c and truck deliveries jumped Four.Eight p.c. Retail quantity rose 1.Three p.c and fleet deliveries surged 26 p.c to 54,707.
GM gross sales slipped 2.9 p.c on decrease fleet shipments and flat retail demand, with each model posting a decline.
GM, which is near posting its first annual achieve in U.S. market share since 2011, noticed gross sales slip for the second straight month whereas touting its positive factors in higher-profit retail demand. Its biggest-volume model, Chevrolet, fell 1.1 p.c. Buick was down Three p.c; GMC, 5.Eight p.c; and Cadillac, 13 p.c.
The three p.c dip in quantity at Toyota was the corporate’s largest drop on a share foundation since April, although the automaker’s gross sales are actually up zero.2 p.c for the 12 months. Toyota Motor, ending a streak of 5 straight month-to-month positive factors 12 months over 12 months, mentioned quantity dropped Three p.c in November on a decline of two.Four p.c on the Toyota division and 6.7 p.c at Lexus.
FCA US, with gross sales down Four p.c final month, continues to search for its first gross sales improve of the 12 months. The automaker’s gross sales declined on decrease fleet shipments and weaker quantity at Jeep, Ram and Dodge. The Chrysler model, up 14 p.c, was the one marque to submit a achieve amongst FCA’s core manufacturers final month.
FCA mentioned retail gross sales rose 2 p.c to 129,539 items final month however fleet deliveries dropped 25 p.c to 25,380 items as a part of an ongoing technique to scale back quantity from day by day rental clients. Jeep’s fleet shipments plunged 75 p.c, FCA mentioned.
At Ford, U.S. retail quantity rose 1.Three p.c and fleet deliveries surged 26 p.c to 54,707 final month.
On the Volkswagen Group, quantity dipped 1.6 p.c on the VW model, snapping three straight months of positive factors, and rose 12 p.c at Audi, extending the posh marque’s streak of positive factors to 97 months 12 months over 12 months.
November quantity rose zero.Eight p.c at Subaru and 25 p.c at Mitsubishi however skidded 16 p.c at Kia and 9.Four p.c at Hyundai. Deliveries dropped 2.6 p.c at Mazda.
Amongst different luxurious manufacturers, quantity rose 1.7 p.c at Volvo, 7.1 p.c at BMW, zero.Eight p.c at Porsche, 1.6 p.c at Mercedes (excluding cargo vans), and 20 p.c at Land Rover. Deliveries dropped 9.5 p.c at Jaguar.
The business was anticipated to document a slight decline in total quantity final month however nonetheless produced one of the best November on document with 1.39 million deliveries.
Edmunds noticed quantity rising Three.5 p.c behind larger offers and even fatter reductions on what it says are higher-than-normal ranges of remaining 2017 fashions.
Gross sales had been pushed by robust light-truck demand — notably crossovers — and lingering substitute demand following hurricanes in Texas and Florida.
As well as, low rates of interest and gasoline costs, regular job positive factors and lofty U.S. fairness markets are serving to assist business gross sales, automakers and analysts say.
It “doesn’t damage that automakers are beginning to actually sweeten the offers to filter lingering 2017s and finish this 12 months on a excessive word,” mentioned Edmunds analyst Jessica Caldwell.
Cox Automotive on Friday mentioned it was forecasting U.S. gross sales of 16.6 million mild automobiles in 2018.
And the Nationwide Vehicle Sellers Affiliation on Friday forecast U.S. gross sales of 16.7 million new automobiles and lightweight vehicles subsequent 12 months.
“We count on 2018 to be a strong 12 months,” NADA Chairman Mark Scarpelli mentioned in a press release. “Each supplier in America, myself included, can be thrilled with a seasonally adjusted annualized price of above 16 million. As a result of it signifies that, one, the market is secure, and two, that demand continues to be wholesome.”
The typical new-vehicle incentive was monitoring at $Four,zero65 within the first few weeks of November, J.D. Energy says, and was anticipated to set a document after the Thanksgiving vacation weekend. Edmunds says automakers pitched “Black Friday” offers all month. ALG says new-vehicle incentives averaged $Three,692 final month, a rise of Four.6 p.c over November 2016. The Detroit Three automakers and Nissan Motor Co. had been the most important spenders amongst broadline automakers. (See chart beneath.)
Odds & ends
There have been 25 promoting days final month, the identical as November 2016. … New model-year automobiles accounted for simply 44 p.c of gross sales within the first few weeks of November, in contrast with 53 p.c in November 2016, in keeping with J.D. Energy. … Amongst main automakers, Fiat Chrysler and Hyundai-Kia are nonetheless on the lookout for their first month-to-month gross sales achieve this 12 months. … Jeep, Hyundai, Fiat and Sensible, amongst manufacturers, have but to submit a month-to-month gross sales advance in 2017. … Audi (97 months) and Subaru (72 months) have the longest streak of month-to-month positive factors (12 months over 12 months) by means of November … Kelley Blue E book estimates transaction costs for brand new mild automobiles in the US averaged a document $35,870 in November, a rise of $554, or 1.6 p.c, from November 2016, and a rise of $83, or zero.2 p.c, from October. … Incentives, as a share of MSRP, stood at 10.Eight p.c in early November, exceeding the 10 p.c threshold for the 16th time over the past 17 months, J.D. Energy says.
Notable and quotable
“In November, many [automakers] added extra lease-pull-ahead-type incentives, as used-vehicle values proceed to be very robust. For customers with lease phrases near maturing, this has been incentive to get again into the market. The pull-ahead incentives, nonetheless, are probably brief lived. As used-vehicle values normalize, we count on [automakers] to dial again on these applications.” — Brad Korner, basic supervisor of charges and incentives for Cox Automotive
“2017 has been the 12 months of the SUV. Shoppers have confirmed time and time once more this 12 months that they’re not afraid of the larger worth tags, larger APRs and longer mortgage phrases.” — Jeremy Acevedo, supervisor of business evaluation at Edmunds
November incentive outlays for U.S.
|Producer||Nov. 2017 Forecast||Nov. 2016||Oct. 2017||% change vs Nov. 2016||% change vs Sept. 2017|
|BMW (BMW, Mini)||$5,031||$6,450||$5,254||-22%||-Four.2%|
|Daimler (Mercedes-Benz, Sensible)||$Four,844||$Four,767||$Four,967||1.6%||-2.5%|
|FCA (Chrysler, Dodge, Jeep, Ram, Fiat)||$Four,516||$Four,160||$Four,575||Eight.6%||-1.Three%|
|Ford (Ford, Lincoln)||$Four,274||$Four,060||$Four,027||5.Three%||6.1%|
|GM (Buick, Cadillac, Chevrolet, GMC)||$Four,785||$Four,469||$5,221||7.1%||-Eight.Three%|
|Honda (Acura, Honda)||$1,933||$1,885||$1,987||2.6%||-2.7%|
|Nissan (Nissan, Infiniti)||$Four,079||$Four,243||$Four,448||-Three.9%||-Eight.Three%|
|Toyota (Lexus, Scion, Toyota)||$2,651||$2,467||$2,494||7.5%||6.Three%|
|Volkswagen (Audi, Porsche, Volkswagen)||$Three,551||$Three,891||$Three,524||-Eight.7%||zero.Eight%|