SANTA MONICA, Calif., Nov. 29 (UPI) -- November's new vehicle sales in the United States are expected to be about 5 percent higher than the year-earlier period.
Edmonds.com said Wednesday that it expects this month's new vehicle sales, including fleet sales, to be 1.22 million units, which is a 0.5 percent increase from October 2006.
"Perhaps in part because gas prices have steadily increased this month, compact cars sales have grown approximately 16 percent over last year," said Jesse Toprak, executive director of Industry Analysis for Edmunds.com. "Large sport utility vehicles are still taking a hit, with segment sales down 9 percent compared to last year, while the more fuel efficient mid-size SUVs are up about 17 percent over last year."
The combined monthly U.S. market share for Chrysler, Ford and General Motors domestic nameplates is estimated to be 53.6 percent in November 2006, down from 54.6 percent in November 2005 and down from 55.1 percent in October 2006.