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Edmunds.com senior analyst Jessica Caldwell on the auto sales in November and which automakers saw the biggest rise or fall in sales.
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And here with more on today's auto sales numbers -- got Jessica Caldwell senior analyst for Edmunds dot com Jessica.
My gosh so we've got -- -- up almost 30% Chrysler of 14%.
Even GM up 3.4 percent this a pretty good month right.
That's a pretty good month -- -- we're looking at a really high Sar.
For the month of November it looks like it's going to be at the highest since we saw back in early 2008 before we saw the bank's collapse and everything so.
I think a lot of reasons to be excited right now the automotive industry.
-- what brand sticks out your car maker as a big winner doing far better than expected.
I'm I think Honda this month I think they -- they've had a there are rough year with -- -- that they can outlast you're getting panned by critics and also the inventory issue following the tsunami in Japan.
But they're back they have a new record to have a CRV which is relatively new they had a big launch last week at Delhi auto show -- introducing -- -- And you know if you look at the tristate area that was really affected by -- -- sandy.
Honda does really -- the bustling brand -- I think all those things coming together gave Honda really good month for about.
Kirk OK and which carmaker -- you figure was kinda -- this time did worse and expect that big GM's got some of the most sluggish results up 3.4 percent overall.
Yeah and GM turned -- their incentives banking while most automakers spent more than October they actually spent less.
And rhinos are really a critical time for trucks because of the seasonality people tend to buy trucks like the outlook weather gets cooler.
So I think that's a big part of their cells and so we don't we saw -- you know underperforming comparisons a lot of their direct competitors today.
Now what is our total US sales of cars rate running -- -- -- -- twelve or thirteen million indebted peek at like sixty to have ninety years ago.
While before 2008 there's a long -- -- -- we sold over sixty million.
Cars I -- since -- the industry plummeted going to in house -- you know ten.
Eleven this year looks like we're gonna and in the -- four teens but this month over fifteen sell.
I think that's a good sign of things to comment you know definitely a good sign for industry that's been suffering for the past few years.
Okay we've been hearing that super storm sandy was gonna make people pull in their purchases 'cause they're too afraid of the damage from the storm.
And and the fiscal -- fears but there seems to -- this disconnect between Washington and Wall Street and consumers.
Right any consumers buy cars and right now consumers -- was mentioned the -- story.
Have cars that are old.
There's all these new cars coming out -- new technology a lot of great safety features -- cars right now so I think people all the combination of having an older car meetings or replace the car.
And then seeing their neighbors have -- cars with these great safety features.
Are driving people to the dealership so it doesn't really matter you know what's going on the fact is people -- cars as other -- -- especially when credit.
Is you know is really available at interest rates are really -- that helps the consumer.
Greg do you see demand perhaps increasing if we get past this -- thing.
Into the new year.
I think it's definitely possible I mean you know there's still a lot of pent up demand out there people that had been holding off so I think we're only in the beginning.
You know what that market hasn't terms of its its true potential so I think you know once we get over this -- talked although it's not affecting sales now make it even better.
All right the slingshot -- maybe nothing like the fear factor -- at some point to help us grow a little better grow -- thank you very much Jessica Caldwell.
Thank you Dennis.
