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Dec 3, 2015

PICKUP TRUCK SALES * USA: November sar sales drive toward record

* Michigan - Black Friday deals lift traditionally sluggish month; U.S. on target for full-year peak

-- U.S. new-car sales in November continued to run at a blistering pace, putting the auto industry on track to challenge the 17.35 million sales peak reached in 2000... A spate of Black Friday deals coupled with cheap gasoline and low financing costs helped auto makers overall deliver a 1.4% increase over the same month last year, offsetting what historically is a sluggish sales month. The tally brings the industry this year to 15.82 million vehicles through November... The results continued an annual sales pace that is tracking to be among the best in U.S. history, and raised industry optimism for a new annual record, barring a string of bad weather or other unexpected woes. Ford Motor Co. said on Tuesday it would spend $1.3 billion, about a fifth of its typical annual capital-expenditure budget, to upgrade a pickup truck plant in Kentucky...


... These light trucks represented three out of every four vehicles sold by Detroit auto makers last month, representing nearly the highest mix of pickup and SUV deliveries as a percentage of sales in history. More than 80% of Fiat Chrysler Automobiles NV sales last month were light trucks... Industry sales hit 1.3 million vehicles in November, representing the third consecutive month that the seasonally adjusted annual rate of sales topped 18 million vehicles. The record for annual sales of 17.4 million, notched in 2000, could be topped if demand continues to strengthen in December... 
(PHOTO: JOHN BAZEMORE/AP - Ram pickup trucks are on display on the lot at Landmark Dodge Chrysler Jeep Ram in Morrow, GA) -- Detroit, MICH, USA - The WSJ, by JEFF BENNETT And JOHN D. STOLL - Dec. 1, 2015

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