November auto sales in the US posted the best monthly sales rate since the anomalous surge in Aug 2009, related to the federal government’s Cash-for-Clunkers program. Industry sales rose by 14 percent overall in the month, to about 994K units, propelled by broader availability of vehicles to meet American consumers’ “pent-up demand,” some signs of collective economic confidence and continued moderation in gasoline prices and interest rates. Black Friday and the accompanying shopping mania across the United States likely even contributed. The Seasonally Adjusted Annual Rate (S.A.A.R.) of sales for the month was 13.6 million.
2025 Auto Market Update: Luxury EV Values Crash Amid Tariffs
The 2025 auto market faces turbulence: used car prices plummet 12% YoY, luxury EVs depreciate 42% faster than gas models, and U.S. tariffs spark global supply chain