Auto Sales up in November Thanks to Discounts

Auto Sales up in November Thanks to Discounts (Reuters)

Major automakers marked November as their best month of U.S. sales in more than six years. Aggressive discounting and the popularity of pickup trucks contributed to the rise. “The sales rate for cars increased so dramatically in the last several years,” said Jesse Toprak, an analyst with research firm Truecar.com. “The fear might be that it’s not going to hold up beyond next year.” Toprak said he does not share this view.

Daily Data Flow

Recent Posts

Sample Weekday Wrap/Closing Comments

This content is for paid subscribers only. To gain access subscribe to one of our…

2 months ago

Soft Landing Premise Still Driving Bullish Narrative

It is hard to find a seasoned investor who doesn’t believe the stock market is…

6 months ago

Are You Prepared for the Next Market Collapse?

No one believes a financial disaster can strike… until it’s too late. That’s bizarre, considering…

1 year ago

Options Industry Council (OIC) – What is It?

The Options Industry Council is a resource used to educate investors about the benefits and…

1 year ago

Put-Call Parity – Defined and Simplified

The put-call parity is the relationship that exists between put and call prices of the…

1 year ago

Three Cheers for the Magnificent Seven

“It’s not a stock market, it’s a market of stocks.” -- “Maxims of Wall Street,”…

1 year ago