Auto sales

Edmunds.com estimates that new vehicle sales in November will be about 710,000 units, down 4.5% from November 2008 and a 15% dip from October 2009.

Edmunds.com analysts predict that November’s Seasonally Adjusted Annualized Rate (SAAR) will be 10.34 million, down from 10.43 million in October 2009. However, November 2009 has 23 selling days, two less than last November 2008. When adjusted for this difference, sales increased 3.8% from November 2008.

"November is living up to its reputation for being one of the worst months of the year for car sales, so everyone is hopeful that Thanksgiving weekend will boost the numbers," Edmunds.com Senior Analyst Jessica Caldwell said in a statement. "But automakers have already launched holiday season incentives in order to pick up the pace, and that sense of desperation suggests that bigger discounts – but smaller selection – may be available for those who wait to buy."

EDMUNDS ESTIMATES
• The combined monthly U.S. market share for Chrysler, Ford and General Motors (GM) domestic nameplates is estimated to be 46.4% in November 2009, down from 48.6% in November 2008 and up from 45.1% in October 2009.

• Chrysler will sell 55,000 units in November 2009, down 35% compared to November 2008 and down 15.8% from October 2009. This would result in a new car market share of 7.8% for Chrysler in November 2009, down from 11.4% in November 2008.

• Ford will sell 123,000 units in November 2009, down 0.3% compared to November 2008 and down 8.8% from October 2009. This would result in a new car market share of 17.3% of new car sales in November 2009 for Ford, up from 16.6% in November 2008.

• GM will sell 151,000 units in November 2009, down 1.3% compared to November 2008 and down 14.2% from October 2009. GM’s market share is expected to be 21.3% of new vehicle sales in November 2009, up from 20.6% in November 2008.

• Honda will sell 69,000 units in November 2009, down 9.1% from November 2008 and down 18.9% from October 2009. Honda’s market share is expected to be 9.8% in November 2009, down from 10.3% in November 2008.

• Hyundai will sell 43,000 units in November 2009, up 25.9% from November 2008 and down 19% from October 2009. Hyundai’s market share is expected to be 6.1% in November 2009, up from 4.6% in November 2008.

• Nissan will sell 46,000 units in November 2009, down 0.7% from November 2008 and down 23.1% from October 2009. Nissan’s market share is expected to be 6.5% in November 2009, up from 6.3% in November 2008.

• Toyota will sell 125,000 units in November 2009, down 4.4% from November 2008 and down 18.2% from October 2009. Toyota’s market share is expected to be 17.5% in November 2009, flat from 17.5% in November 2008.