GM Sees 11 Million SAAR Month Possible for November
November 19, 2009
It's early, admit General Motors prognosticators, but November could hit a Seasonally Adjusted Annual Rate of 11 million vehicle sales, making it the highest level this year outside of the Cash for Clunker months of July and August.
GM's top analyst Mike DiGiovanni told media in a conference call Thursday that the automaker is encouraged by positive economic signs and the automaker may turn in its fourth consecutive month of market share gain.
Edmunds.com's forecast, issued early Thursday, is less rosy, putting the predicted SAAR at about 10.34 million vehicles sold in November, which in the best of times is the worst month for vehicle sales except for January.
Posted by Michelle Krebs at 12:34 PM under Analysis , GM | Comments (0) | digg this | Seed Newsvine
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