Motor Intelligence estimates a 6.49 million sales pace for domestic trucks in November and a 5.55 million sales pace for domestic autos for a total of 12.04M
While Feb was a stellar month for overall sales it wasn’t totally out of the box for domestics, which notched only. Imports sold 3.65 M in Feb, given a total sales rate of 14.50M.
However, since Feb imports have been weak. This month they only put in 3.50M despite a total sales rate of 15.54M.
This puts extremely heavy pressure on US manufacturers, especially in the truck space. Kentucky Truck, the largest auto assembly plant in the US and the home of the Ford F-Series, ran tight over the summer to keep up with demand and from the looks of it Ford dealers will still be running short on trucks.
With residential real estate picking up demand will only increase going into 2013. At this point, however, the truck space will soon hit industrial capacity constraints and we may be looking at substantially reduced incentives or as economists call them, higher prices.
Domestic Auto Sales Crack 12 Million
Tue, 04 Dec 2012 01:13:44 GMT