AFSCME 3357-HOF'S BLOG

November Sales "Less Anemic"

The first report on auto sales for November is (a little) encouraging. It shows sales are just bad, as opposed to being in a death spiral. Edmunds.com tracks inquiries to its car buying website, and those web hits correlate strongly with near-term auto sales. Last month, Edmunds was within a couple percent of the final (awful) industry numbers. This month Edmunds predicts a 29% drop industry-wide from last year. General Motors is predicted to do a little better than that with a 28% drop. Honda did the best (relatively) with a 20% drop. High incentives and low gas prices may have been the cause of the slight increase over last month.