The top six automakers sold more cars and trucks in November than analysts expected, with a healthy economy, generous discounts and low fuel prices luring consumers into US showrooms.
The industry's annualised sales in November was about 17.2 million vehicles, according to industry consultant Autodata Corp.
This is the best pace for that month since 2003 and well ahead of the estimated 16.7 million in a Thomson Reuters survey of 41 industry economists and analysts. November sales totaled 1.3 million, up 4.6 per cent from a year ago and higher than analysts' expectations of 1.27 million.
reuters surveyed by Reuters. All three companies beat analysts' expectations.
The industry's annualised sales in November was about 17.2 million vehicles, according to industry consultant Autodata Corp.
This is the best pace for that month since 2003 and well ahead of the estimated 16.7 million in a Thomson Reuters survey of 41 industry economists and analysts. November sales totaled 1.3 million, up 4.6 per cent from a year ago and higher than analysts' expectations of 1.27 million.
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General Motors Co, Chrysler Group, Toyota Motor Corp and Honda Motor Co, Ford Motor Co and Nissan Motor Co Ltd topped forecasts from analysts.
reuters surveyed by Reuters. All three companies beat analysts' expectations.
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