- Kelley Blue Book forecasts new car sales in the U.S. will drop 1.0% Y/Y in November to 1.36M units as demand trends normalize.
- "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," notes the research firm.
- Crossover/Compact SUV sales are expected to jump 7.6% during the month to account for 17.6% of all sales.
- KBB's November sales forecasts for major manufacturers are posted below.
- General Motors (NYSE:GM): -1.0% Y/Y to 250K units, market share of 18.4%.
- Ford (F): +1.8% to 200K, market share of 14.7%.
- Toyota (TM): +0.2% to 198K units, market share 14.6%.
- Fiat Chrysler Automobiles (FCAU): -5.5% to 152K units, market share of 11.2%.
- Honda (HMC): +3.3% to 127K units, market share 9.3%.
- Nissan (OTCPK:NSANY): +1.6% to 117K units, market share 8.6%.
- Hyundai/Kia (OTCPK:HYMLF): -12.2% to 101K, market share 7.4%.
- Subaru (OTCPK:FUJHY): +2.3% to 52.5K, market share of 3.9%.
- Volkswagen/Audi (VLKAY): +0.4% to 52.5K, market share 3.9%.
- While there will be plenty of attention on Tesla's (TSLA) sales marks for November and December, KBB didn't provide a forecast for the EV automaker.
- Related ETF: CARZ.