USA sales of new cars and trucks rose 1 percent to almost 1.4 million, according to Autodata Corp., a market analysis firm.
Subaru brand sales rose 1 percent to 51,721 vehicles.
Honda and Ford reported bigger US sales gains than expected for last month as big rebates and cut-rate financing offers lured buyers into showrooms. According to KBB, the estimated average transaction price for light vehicles in the United States was $35,870 in November 2017. "From a discipline standpoint, even though it's moved up, transaction prices moved up along with it."Industrywide, November sales ran at an annualised rate of almost 17.5 million units, outpacing analyst estimates, preliminary data from researcher Autodata show".
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Toyota sales fell 3% even though the revamped Camry sedan and the RAV4 small SUV posted record November numbers.
Hyundai Motor Co. sales fell 9 percent to 55,435 vehicles.
Ford's 6.7 percent sales increase compared with November 2016 was driven by solid jumps in sport utility vehicles and trucks - including the best showing for the market-leading F-Series truck since 2000 - as well as higher sales of sedans.New York: US auto sales offered a mixed picture in November, with Ford reporting an increase but GM and Fiat Chrysler posting declines, according to monthly sales data released Friday. Sales of its Tucson SUV were up 51 percent but couldn't offset steep declines in vehicle sales. Genesis luxury sales rose slightly. The firm has a market capitalization of $26,287.73, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 0.35 and a beta of 1.64.
Honda Motor Co. sales rose 8 percent to 133,156. Sales of the CR-V SUV jumped 25 percent. Fiat Chrysler Automobiles has a 52 week low of $7.58 and a 52 week high of $18.33. Luxury Acura sales were up 10 percent.
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Honda Motor and Ford Motor reported bigger U.S. sales gains than expected for last month as big rebates and cut-rate financing offers lured buyers into showrooms.
But at GM, sales fell to 245,387 vehicles, down 2.9 percent and falling far short of Edmunds' forecast for a 1.8 percent gain. It designs, manufactures, and sells or distributes vehicles under the Chrysler, Dodge, Jeep®, Ram, FIAT and Alfa Romeo brands, as well as the SRT performance designation.
"November and December over the last few years have become a very big merchandising window for the industry", Mark LaNeve, Ford's US sales chief, told analysts and reporters on a conference call Friday. Ford said Explorer deliveries jumped 25 percent, while the F-Series truck line had its best November since 2001. Luxury Lincoln sales fell 5.5 percent. Finally, Bank of America set a $19.00 price target on Fiat Chrysler Automobiles and gave the stock a hold rating in a research report on Wednesday, October 25th.
Industrywide, November sales ran at an annualized rate of almost 17.5 million units, outpacing analyst estimates, preliminary data from researcher Autodata Corp. show.
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