In US auto sales of November, Fiat Chrysler Automobiles NV reported a 3% gain as Black Friday got victimized by a favorable economic backdrop that caused a traditional sluggish month to be damped by fewer selling days.
Since year 2011, the car sales were on a right track in attaining highest sales volume. But that too we have to wait to hear about it as analysts say the month’s tally will show whether the annual records had been favorable or not in year 2015.
Since November 2000, the auto manufacturer is reported to have had sold approx. 175,974 vehicles as compared to 170,839 vehicles in sale in the month of October – hence an ongoing gain rise since 68 months. Along with Cherokee, Compass, Patriot and Wrangler, the sales flew at 20%. No far are Dodge Challenger, Dodge Journey and Ram pickup truck in raising a gain for Fiat Chrysler.
As per Car-researching firm Edmunds.com, the automaker projected around 3.4% increase. Analyst Jessica Caldwell said that dealers in recent years have embraced Black Friday as a larger sales generator. Since year 2010, month of November has brought one of the three best seasonally adjusted annual rates in each year, with Thanksgiving weekend raking in twice as many sales as any other weekend in the month in year 2014. The trends are likely to continue in year 2016 where it’ll give golden opportunity to U.S. auto industry for posting its third-consecutive yearly sales rate above 18 million units.
On the other hand, J.D Power believes that growth in November, a month having only four selling weekends for the first time since year 2012 along with lesser number of selling days of any month since year 2013, surely is incredible for Fiat Chrysler.
Apart from this, WardsAuto predicts an annual rate of worth 18.4 million-unit seasonally adjusted that could make month of November the highest month since when it was 20.6 million in July year 2005.
