New-Car Sales To Drop 1 Percent Year-Over-Year, Record Second Highest November On Record, According To Kelley Blue Book
New-vehicle sales are expected to fall 1 percent year-over-year to a total of 1.36 million units in November 2017, resulting in an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book.
“Following two months of more than 18 million SAAR, we project November sales to return to the low 17 million range,” said Tim Fleming, analyst for Kelley Blue Book. “The strong numbers from the last two months were influenced by replacement demand in the hurricane-impacted regions of Texas and Florida, which appears to be largely satisfied at this point. Despite the lower SAAR, this will be the second highest November on record, trailing only November 2016, so more than a few sales records could be broken this month.”