Black Friday deals lift sales in November
Black Friday deals and postelection confidence helped pull November U.S. auto sales out of their recent slump — and increased the chances that 2016 could set a record for new vehicle sales.
Total U.S. sales rose 4 percent for the month to 1.38 million units. That makes it the highest November on record, beating the previous record of 1.32 million set in 2001, according to Kelley Blue Book.
Toyota Division General Manager Bill Fay said November sales were so good that the industry may even break last year’s sales record of 17.47 million.
“I think it will be right around last year’s record, maybe a little bit less,” Fay told The Associated Press in an interview in Detroit. “But I think either way everybody will sign up for a lifetime of this.”
General Motors’ sales jumped 10 percent over last November. Ford’s sales were up 5 percent, while Toyota and Hyundai both saw 4 percent sales increases. Honda’s sales were up 6.5 percent and Nissan’s sales rose 7.5 percent. Even Volkswagen, which has struggled all year because of its diesel cheating scandal, saw sales rise 24 percent.
Fiat Chrysler bucked the trend, with sales falling 14 percent as it made big cuts in sales to rental car companies. Other automakers were expected to report sales later Thursday.