Autodata says US November light vehicles sold at an annual pace of 17.2m compared to 16.8m expected. Deliveries were also up 4.6% compared to last November. Numbers from Wards were similarly strong.
Auto sales numbers are good, hard data on the strength of the US consumer and the economy. Low interest rates help but financing is far from the only consideration for a car buyer.
The most-amazing development is that GM’s share of autosales was up slightly compared to last year despite the endless wave of negative publicity on recalls.