Highway & Track: Auto News, Reviews, And Automotive TraditionAutomotive News

The common incentive per new automobile in November was anticipated to succeed in $1,009, down from $1,551 in November 2021, J.D. Power and LMC Automotive forecast, with spending as a share of the typical sticker price on pace to fall to 2.2 p.c, down 1.three percentage points from November 2021. The seasonally adjusted annualized price of sales in November got here simply above expectations at 14.four million automobiles, based on Motor Intelligence. That was up from November 2021’s 12.9 million fee however down from 15.3 million in October. However, for all of 2022, Ford’s sales are down solely 2.7 p.c, versus, 3.5 % for Hyundai-Kia and 35 percent for American Honda, which posted a 6.1 p.c decline in November. U.S. sales surged by double-digit percentages for Toyota Motor Corp., Hyundai, Kia, Subaru, Mazda and Volvo final month from a 12 months earlier, with the Hyundai and Kia manufacturers each setting …