November Auto Sales Beat Analyst Expectations, Where Do We Go From Here?

BOSTON -- Car sales in November were more encouraging than analysts had estimated.

In one of the first months free from the so-called cash-for-clunkers tax credit for buyers, demand held up surprisingly well, indicating that dealer incentives and attractive financing may be enough for the industry to combat fears about the sluggish economy and job losses.

Concern that the government's tax incentives shifted, rather than created, demand appear to be unfounded. Sales topped 10.9 million on a seasonally adjusted, annualized basis versus an estimate of 10.5 million...



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thstone - 12/2/2009 5:45:22 PM

0 Boost

I guess if you set the bar low enough, you're bound find some good news eventually.

0to60 - 12/2/2009 7:10:38 PM

+4 Boost

guess that cash for clunkers did kill auto sales for the remainder of the year just as 001 prayed and reported it would (sarcasm)!!!!

Agent00R - 12/2/2009 10:11:26 PM

-1 Boost

Don't get too eager.

Just under 11 million is NO WHERE near the normal 16-17 million vehicles annually sold.

AND, we're still not out of the woods yet. There is a lingering possibility of a double-dip recession.

delan - 12/4/2009 10:01:19 AM

+1 Boost

I'm sure even if sales did in fact reach the 16-17 million, some negative spin would be put on it.

thetruth01 - 12/3/2009 8:32:17 PM

+1 Boost

Concern that the government's tax incentives shifted, rather than created, demand appear to be unfounded.

'nuff said.