New-vehicle sales estimates notch up in November

© Can Stock Photo / snehitdesign

New-vehicle sales continue to claw back toward pre-pandemic levels.

Total new-vehicle sales are estimated to reach 1.24 million units in November, a 0.5% year-over-year decline when adjusted for the same number of selling days, according to a TrueCar ALG forecast released today. The November seasonally adjusted annualized rate is estimated at 16.3 million units, a decrease of 4% from last year’s 16.9 million units.

New retail sales inched up 2.9% YoY, and 8.4% from last month when adjusted for the same number of selling days.

Average transaction prices are also projected to increase 4.7% YoY, or $1,707, to $38,024.

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