Used Car Sales Down from October
TrueCar.com forecasts used car sales will come in at 2,614,847, up 1.4 percent from November 2010 and down 4.6 percent from October.
The ratio of new to used is estimated to be 1:3 for November.
TruceCar.com forecasts new light vehicle sales in the U.S. (including fleet) to be 972,712 units, up 11.5 percent from November 2010 and down 4.7 percent from October (on an unadjusted basis).
The November 2011 forecast translates into a Seasonally Adjusted Annualized Rate (SAAR) of 13.3 million new car sales, up from 13.2 million in October and up from 12.3 million in November 2010.
Retail sales are up 12.2 percent compared to November 2010 and down 4.2 percent from October 2011
Fleet and rental sales are expected to make up 19 percent of total industry sales in November 2011
The industry average incentive spending per unit will be approximately $2,534 in November, which represents an increase of 2.5 percent from October and down 0.5 percent from November 2010.
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