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Auto sales shoot high up in November
Auto sales shoot high up in November
     Written by Dancy|Friday, 02 December 2011 09:13

A sale of 13.6 million vehicles was reported by the Auto Industry in the US in November 2011 which was the highest number since August 2009. The automobiles have been also added to the list of watches, video games, cashmere, sweaters and similar products which were sold briskly on the Thanks giving day this November. It seems car buyers caught Black Friday fever this year.

The San Fernando Valley franchise dealer of Ford sold around 140 new vehicles on the Friday after Thanksgiving which was a single day record in itself. This was reported by the Galpin Ford, the nation's largest Ford dealership. It was 50% more than the last year's November sales. Beau Boeckmann, the vice president of Galpin commented, "I don't think we expected that November would be the biggest car month since 'cash for clunkers' two years ago. It was surprising for all of us." A hike in the Car sales would also affect the Auto Buisness Insurance Industry.

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According to automaker statistics released on Thursday and compiled by Autodata Corp, The industry posted sales of 1 million in November, up 13.9% from a year earlier.

According to automaker statistics released on Thursday and compiled by Autodata Corp, The industry posted sales of 1 million in November, up 13.9% from a year earlier. This year a rush of shoppers helped the auto industry to post an annual U.S. sales rate of 13.6 million vehicles in November, the best this year and the strongest since August 2009, when the federal cash-for-clunkers economic stimulus program was in effect. Progressive Insurance offers commercial insurance for vehicles and it is possible that it gets lots of business because of a hike in the auto sales this year.
After this number the Automakers are assuming that Black Friday is a great day to sell a car. A lot of people are off, and they aren't doing the traditional visit to the mall and are instead shopping online, so they have time to look for a car.
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