Industry Sales Down, Ford up in November
By Brendan Moore
The auto industry reported sales today of 1,180,269 units in November, a 1.6% drop from November in 2006.
GM’s sales were down 11%, Chrysler’s sales were down 2.1%, Mazda was down 1%. Toyota, Honda, Nissan, VW, Mercedes-Benz, BMW, Hyundai were all up.
But the big news by far was that Ford sales went up for the first time in 13 months, registering a 0.6 increase. It came mostly from commercial and government deliveries, but winning ugly is still winning, right?
Some notable results:
GM had a big decline overall, much of which was from drops in truck and SUV sales, but their new cars are doing well, with the new Chevrolet Malibu and the new Cadillac CTS registering very strong increases. The new crossovers, led by the Buick Enclave are red-hot.
Toyota sales were up a little bit at 0.3% and they outsold Ford again, but their trucks are in trouble from a sales perspective with a 4.6% decrease. Expect to see incentives soon.
Isuzu sales dropped 12.2%, but we’re talking some awfully small numbers here – Isuzu sold 496 units last month compared to 565 units in November 2006. At this point, I cannot fathom why they’re still selling anything at all in the United States.
Honda rode sales of the Fit and the new Accord to a 4.7% increase.
Chrysler’s truck sales were off 13%, and since truck sales figure heavily in their sales results, they showed an overall drop of around 2%.
The auto industry is getting increasingly downbeat about the prospects for 2008, with many industry analysts and company spokesmen predicting large drops in sales next year.
COPYRIGHT Autosavant.net – All Rights Reserved