U.S. new vehicle sales will show a 3.5-percent rise in November from a year earlier with retailers stretching out Black Friday deals for the full month, according to industry consultant and car shopping website Edmunds. Click here for a list of the best-selling new vehicles in the United States so far in 2017.
The company estimated that November U.S. sales would be 1.4 million new cars and trucks, for a seasonally adjusted annualized rate of 17.8 million. The company also forecasts that 2.9 million used vehicles will be sold in November 2017.
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"It also doesn't hurt that automakers are starting to really sweeten the deals to clear out lingering 2017s and end this year on a high note," said Jessica Caldwell, Edmunds' executive director of industry analysis, in a statement.
"While 2017 may have gotten off to a sluggish start, strong sales through the back third of the year are making up for lost time," Caldwell said. "We expect full-year sales to be over 17 million for the third year in a row, and are still tracking near our forecast of 17.2 million." (Additional reporting by Sanjana Shivdas; Editing by Arun Koyyur)