GANNETT CO., INC. CHICAGO, Nov. 26, 2014 /PRNewswire/ -- Cars.com forecasts November light, new-vehicle sales will hit 1,285,000 units, up 3.4 percent from November 2013 and 0.3 percent from last month. This marks the highest November unit sales count since November 2001. A SAAR of 17 million is expected for the month - the highest November SAAR since 2004 - up 4.4 percent year-over-year and 3.3 percent from October.
"November was another very robust month for new-vehicle sales," said Jesse Toprak, chief analyst at Cars.com. "Year-end clearance deals for the 2014 model year vehicles, relatively lower gas prices and an excellent selection of cars and trucks propelled the sales rate to its highest level in a decade."
Retail sales remain strong and are projected to make up 85 percent of total sales in November, up 1.1 percent year-over-year and 2 percent from October.
Unit Sales
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Manufacturer November 2014 Sales Forecast YoY MoM
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Fiat Chrysler 165,400 16.3% -3.0%
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Ford 186,200 -1.8% -0.9%
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GM 217,000 2.3% -4.3%
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Honda 127,300 9.3% 5.1%
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Hyundai/Kia 95,200 -6.1% 0.4%
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Nissan 89,600 -15.9% -13.1%
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Toyota 179,100 0.6% -0.8%
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Volkswagen Group 50,800 5.1% 3.4%
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Total 1,285,000 3.4% 0.3%
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Market Share
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Manufacturer November 2014 Sales Forecast YoY MoM
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Fiat Chrysler 12.9% 11.5% 13.3%
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Ford 14.5% 15.3% 14.7%
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GM 16.9% 17.1% 17.7%
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Honda 9.9% 9.4% 9.5%
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Hyundai/Kia 7.4% 8.2% 7.4%
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Nissan 7.0% 8.6% 8.0%
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Toyota 13.9% 14.3% 14.1%
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Volkswagen Group 4.0% 3.9% 3.8%
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About Cars.com
Launched in 1998, Cars.com is a leading independent research site for car shoppers with approximately 30 million visits per month. The Chicago-based company provides shoppers with credible and easy-to-understand information from consumers and experts. Leveraging its growing audience, Cars.com informs digital marketing strategies through consumer insights and innovative products, helping automotive dealers and manufacturers more effectively reach in-market car shoppers. Cars.com is owned by Gannett Co., Inc. (NYSE: GCI). For more information, visit www.dealers.cars.com.
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SOURCE Cars.com
