ALG Forecasts Dip in November Featured

By Staff Writer December 02, 2019

ALG, TrueCars data and analytics subsidiary, projects total new vehicle sales will reach 1,399,639 units in November, down 3 percent from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 16.9 million units. Excluding fleet sales, ALG expects U.S. retail deliveries of new cars and light trucks to be 1,193,462 units, a decrease of 2.6 percent from a year ago.

Among mainstream brands, Honda stood out for total sales, up 5.6 percent year-over-year, buoyed by an increase in incentive spending and fleet sales. Hyundai and Kia continue to perform well, up 7.8 percent and 6.1 percent, respectively, year-over-year, led by their new Palisade and Telluride vehicles.

BMW had a strong month with a 4.4 percent year-over-year sales increase and Mercedes-Benz stood out again, up 3.1 percent on total sales and 5.3 percent on retail while lowering incentives. Nissan is forecast to be down 12.4 percent in total unit sales compared to a year ago with losses expected from both its Infiniti luxury brand as well as its mainstream Nissan brand. Meanwhile FCA is expected to be down 9.2 percent, mainly attributed to aging product and a decrease in fleet sales.

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Last modified on Thursday, 05 December 2019 18:18

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