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Cars and Drivers

November Car Sales

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By Douglas A. McIntyre Published
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Stocks:  (DCX)(TM)(F)(GM)

Things were expected to be raw for Chrysler, but the company beat the devil. November sales of its cars and trucks rose 4.7% to 186,835, Even lagging division Chrysler sales were up 2.9% as the company launched new models. Mercedes US sales rose 20.8%,

Ford, on the other hand, did horribly. US sales dropped 9.6% to 182,259. Sales of it trucks fell 12.9% with the company flagship F-series trucks falling 16.1% to 52,727. Ford did bring down inventory from by 122,000 to 631,000. Ford shareholders were not pleased, sending the shares down almost 2% to $8.

Toyota sales jumped sharply rising 15.9% to 196,695. Toyota sales rose 18% to 169,976. Lexus division sales were up 4.2%.

GM’s sales rose 6% to 297,556. Light truck sales rose 16.6% to 183,573. Car sales were down 7.9% to 109,985. The rise in truck sales was somthing of a surprise given their gas mileage compared to small cars. GM’s shares were up very slightly on the news trading at $29.27.

All in all, another win for Toyota.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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