November vehicle sales expected to be strong behind holiday deals
Posted on Tuesday, November 26, 2013 at 2:45:12 PM
Those interested in affordable auto financing might take advantage of the many holiday-related deals on the horizon.
As Black Friday fast approaches, vehicle sales are expected to jump up at the end of November, according to Kelley Blue Book. Last year, Superstorm Sandy delayed many vehicle purchases, but the final tally for the month received a boost from those holiday deals. That same type of increase is expected this year, as well.
According to Edmunds.com, an estimated 1,196,663 new cars and trucks are forecasted to sell during November, which would clock in at 4.7 percent higher than the same time last year. However, that figure would be slightly down on a month-over-month basis.
"Any economic uncertainty that car shoppers might have felt in October seems to be a distant memory by now," said Edmunds.com senior analyst Jessica Caldwell. "Car buyers are already taking advantage of advertised holiday deals, and as we plow deeper into the holiday season the table is set for 2013 to finish on a very strong note."
In addition to the new car total, buyers might also be using auto financing for more used options. Edmunds.com estimated that 2.66 million used vehicles will be sold in November, bringing the Seasonally Adjusted Annual Rate up to 36.5 million.