Automobile sales are forecast to have grown nicely in November from October's shutdown-influenced pace, according to the latest rash of industry predictions.
Estimates for November range from a Seasonally Adjusted Annual Rate of 15.7M (Edmunds.com) to 16.1M (JD Power) - up from October's 15.154M SAAR.
What to watch: Ford (F), General Motors (GM), and Chrysler (FIATY) are expected to have picked up market share during the month while Honda (HMC), Hyundai (HYMLF), and Volkswagen (VLKAY) are tapped to retreat a bit. The calendar kicks in an extra selling day which automakers won't highlight greatly. Inventory numbers and average transaction prices will be closely watched. If the former decreases and the latter improves, automobile stocks could rally.