Auto sales set record pace in November, end three-months of declines

Auto sales set record pace in November, end three-months of declines

Strong Black Friday sales, extra selling days, demand for trucks drive increases.

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December 2, 2016

Detroit, Michigan – Auto sales rebounded strongly in November, ending a three-month skid, as strong demand for trucks, a few extra selling days in the month, an effective Black Friday promotions brought in buyers.

General Motors led the gains with strong, double-digit growth from Buick, Cadillac, and GMC. Chevrolet grew 8%, bringing the overall brand up about 10%. GM increased both retail and fleet sales to rental-car companies, but the bulk of the growth was retail. Ford posts a 5% increase, all of which came from retail as the automaker cut fleet sales.

The only major automaker to post a decline was Fiat Chrysler Automobiles, down 14%. Strong numbers from the Ram brand couldn’t overcome steep declines for Jeep, Chrysler, Dodge, and Fiat.

For detailed results, go to The Detroit News.

Source: The Detroit News