Auto sales continue to rise in November: Auto sales in November rose by 12.5% m-o-m to 10.8k vehicles, up from 9.6k in October, according to figures from the Automotive Marketing Information Council (AMIC) seen by EnterpriseAM. The surge marks a continued rebound in monthly vehicle sales that began in October, which had broken a two-month streak of declines following four months of growth between April and July.

Remember: The vehicle market witnessed a 43% m-o-m drop back in March of last year, with sales plummeting to just 4.2k vehicles — the lowest number of auto sales we’ve seen since we started keeping track in January 2019.

Increased passenger car sales drove the growth: Passenger car sales registered a 14.8% increase m-o-m to 8.5k vehicles in November. Truck sales also continued to rise, growing 14.2% m-om to 1.6k trucks — up from 1.4k trucks in October. Bus sales fell slightly to 746 units sold, down from 760 during the same period.

On a yearly basis, total auto sales in November were up 9.1% from the same time last year, driven by a 45.8% increase in truck sales and a 7.5% increase in passenger car sales. Bus sales fell 19.7% during the same period.

The figures don’t quite tell the whole story: AMIC figures reflect data contributed by member distributors, who include most, but not all, industry participants.

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