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Edmunds.com Projects US New-Auto Sales Will Rise 14% In Nov

DOW JONES NEWSWIRES Edmunds.com projected new-auto sales will rise 14% in November from a year earlier, or 9% adjusted for an extra sales day this year, with the strongest gains expected by the Detroit Big Three. November's sales are expected to result in a seasonally adjusted annualized rate of 13.6 million vehicles. While the latest month's auto sales are expected to be down 2.8% from October, Edmunds analysts noted this year's Thanksgiving weekend again saw higher-than-usual auto sales as consumers look for bargains. "There were positive forces in the auto market in November, as more inventory was available and auto makers began year-end holiday sales events. Deal-oriented messages work more effectively than ever before," said Edmunds Senior Analyst Jessica Caldwell. "While sales are strong now, we are still witnessing the deferred demand from the summer months, so we cannot expect this sales level to be considered the 'new normal.'" U.S. auto sales surged in October to their fastest pace of the year, defying the sluggish economy, with a revived Chrysler Group LLC leading the way. For November, Chrysler a unit of Fiat SpA (F.MI), is expected to report a year-to-year increase of 43%, making it again the strongest performer for the month. Larger rivals General Motors Co. (GM) and Ford Motor Co. (F) are expected to register increases of 9.9% and 12%, respectively. Japanese auto maker Toyota Motor Corp. (TM, 7203.TO) is expected to see a 3.5% increase from the prior year, while Honda Motor Co. (HMC, 7267.TO) sales are expected to rise 2.5%. Nissan is projected to post an 8.2% gain. November had 25 sales days, while the year-earlier period had 24 sales days. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com;

Stock News for Honda Motor (HMC)
DateTimeHeadline
05/30/201601:40:00Asian Shares Mostly Higher After Yellen Comments
05/27/201604:30:00Up to 7 Million Cars With Takata Air Bags to Be Recalled in Japan
05/25/201616:00:00Takata Will Restructure and Seek Cash Amid Air-Bag Recalls
05/15/201622:10:00Hawaii Sues Takata, Honda Over Exploding Air-Bag Inflaters
05/14/201603:03:00Honda Posts Loss on Recall -- WSJ
05/13/201608:00:00Honda Motor Co., Ltd. Reports Consolidated Financial Results...
05/13/201606:00:00Honda Posts Quarterly Loss as Air-Bag Recall Costs Surge
05/04/201614:40:00Takata Air-Bag Recall More Than Doubles in the U.S.
05/04/201603:03:00Auto Sales Spring Ahead -- WSJ
05/03/201617:30:00Takata Set to Recall 35 Million More Air-Bag Inflaters
04/28/201603:29:00Honda: Impact of The 2016 Kumamoto Earthquake on Production
04/26/201602:49:00Honda Sets All-Time Fiscal Year Records for Automobile Production...
04/25/201612:00:00U.S. Closes Probe Into Honda's Failure to Report Deaths, Injuries
04/25/201603:35:00Acura Exhibits World Premiere of All-New Acura CDX Compact SUV...
04/21/201603:31:00Honda: Impact of The 2016 Kumamoto Earthquake on Production
04/20/201623:48:00Honda Develops World's First, Unprecedented Mass-production Automobile...
04/01/201617:20:00Can Tesla Boost Production Amid Interest in Model 3?
04/01/201610:10:00Auto Makers Cruise to Sales Gains in March
03/25/201615:11:00Honda Launches New Website to Globally Promote Honda DCT for...
03/22/201607:16:00ASIMO to Welcome Visitors Arriving at Narita International Airport

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