November U.S. Light-Vehicle Sales Decline from October, but Up Year/Year Third Straight Month
Executive Summary
Sales were up from a weak year-ago period but slid significantly from October’s results. The sequential decline was despite rising inventory, especially of fullsize trucks, which typically have their strongest results in the fourth quarter. Strength was in CUVs and cars, which likely were boosted by increased shipments to fleet customers – not necessarily to consumers. Elevated prices of what is available on dealer lots, combined with rising interest rates and fear of recession, are keeping more potential buyers out of the market.
Uh oh… you need a Wards Intelligence subscription to access this Premium Content!
This content is part of a paid Wards Intelligence Subscription. Already a subscriber? Log-In Now to access this article.
Only subscribers get access to our market-leading insight and analysis. That’s not all…Wards Intelligence Subscription include access to market-leading data and forecasts. Get access to hundreds of downloadable data tables today, including:
- Global sales and production data by country and region
- U.S. model-line inventory data
- US engine and equipment installation rates
- North America light-vehicle production forecast by plant and platform
- Historical data, annual data and much, much more!
We have different levels of subscription to suit every need, and over 90% of our subscribers renew each year.
For pricing and subscription information, Get In Touch!
Want to experience our insight for free? Download our 2023 Software-Defined Vehicles sample!
