This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

GM, Ford Sales Expected to Rise in November

DETROIT (TheStreet) -- Forecasters say November auto sales, expected Wednesday, will show continued recovery, increasing 16% to 17% over the same month a year earlier.

Edmunds.com is projecting light vehicle sales will increase by 17% from the same month a year earlier, while TrueCar.com expects a 16% increase. Retail sales are up 17%, said TrueCar.com.



Both firms say the November numbers mean the seasonally-adjusted annualized rate for new car sales is about 12.2 million, up from about 11 million in November 2009.

TheStreet will be live-blogging General Motors' (GM) sales call -- the company's first since going public -- at 11 a.m. ET Wednesday.

Edmunds said individual manufacturers' year-to-date trends continued in November, with Ford (F) sales up 25.6% while Toyota (TM) sales fell 1.8%. GM is expected to show an 11.5% increase, with Chrysler up 22.4% and Honda (HMC) up 16.2%.

Edmunds has projected market share of 19.4% for GM, 17.3% for Ford and 15.2% for Toyota.

"Several consecutive months of year-over-year retail sales improvements indicate that the recovery in consumer demand has not been a coincidence," said TrueCar.com analyst Jesse Toprak. He said December should be the best sales month of the year, due to year-end clearance events, rising demand and new products. He projected total 2011 vehicle sales of 12.7 million units.

Added Edmunds.com analyst Jessica Caldwell: "Seasonal fluctuations notwithstanding, we're seeing some stability and consistency in the marketplace for the first time since the economic downturn."

-- Written by Ted Reed in Charlotte, N.C.







>To contact the writer of this article, click here: Ted Reed

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs