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November auto sales due today, lowest figures in decade seen

With the 11th month of 2007 U.S. auto sales results set to be released, a clearer picture will emerge as to how the year will end up for each auto company, brand and model, according to the Detroit Free Press's Tim Higgins.

Industry sales this year are expected to be the lowest in a decade. Earlier estimates for how November will look don't appear upbeat. Tom Libby, senior director of industry analysis at the Power Information Network, a subsidiary of J.D. Power and Associates, said that through Nov. 25, retail sales industrywide were down 7%. But Libby cautions that the auto companies can make interesting moves in the final month of the year in attempts to boost sales.

Posted by Peter C. T. Elsworth  at 10:13 AM to Auto industry , Sales | Permalink

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