November 2012 Car Sales: Post-Sandy, No Slump

December 4, 2012 10:02 AM

November 2012 Car Sales: Post-Sandy, No Slump
" Between the Presidential election and the Thanksgiving holiday, auto sales for November found room to expand over last year’s strong numbers.

Despite the lingering impact of Superstorm Sandy on top of those national events, car sales jumped 12 percent in November to reach 15 million annualized units for the month, according to sales analysts at LMC Automotive and J.D. Power.

Chrysler had a good November, with its sales up 14 percent versus last year. Toyota saw sales up more than 17 percent, and Honda was up nearly 39 percent. Nissan and Audi set new sales records for the month.

In all, sales were predicted to rise a little more than 2 percent over the same period in 2011. LMC believes annual sales for 2012 will total 14.4 million units, which would be up 12.5 percent on the year. That’s hedged against the dire warnings of a lack of progress on tax and spending deals coming from Congress, says Jeff Schuster, senior vice president of forecasting at LMC Automotive "

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