Edmunds.com Forecasts November Auto Sales: Compact Car Sales Continue to Climb in Otherwise Slow Market

Edmunds.com Forecasts November Auto Sales: Compact Car Sales Continue to Climb in Otherwise Slow Market


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Edmunds.com Forecasts November Auto Sales: Compact Car Sales Continue to Climb in Otherwise Slow Market

SANTA MONICA, Calif. — November 27, 2007 — This month's new vehicle sales (including fleet sales) are expected to be 1.2 million units, virtually unchanged from November 2006 and a 2.5 percent decrease from October 2007, according to Edmunds.com, the premier online resource for automotive information.

"Given the industry trends, we have adjusted our year-end forecast," stated Jesse Toprak, Executive Director of Industry Analysis for Edmunds.com. "We now expect 2007 sales to total 16.13 million units, and predict that no more than 16 million cars and light trucks will be sold in 2008."

"Our analysis of vehicle segments indicates that compact cars and compact SUVs are achieving the most growth in November, while minivans and large cars are flailing," commented Michelle Krebs, Senior Editor of Edmunds' AutoObserver.com. "Consumers are now looking for maximum functionality in smaller, more fuel-efficient vehicles, and the automakers who have put together the most compelling packages for them are the only players winning in today's game."

The combined monthly U.S. market share for Chrysler, Ford and General Motors (GM) domestic nameplates is estimated to be 51.2 percent in November 2007, down from 53.2 percent in November 2006 and down from 52.5 percent in October 2007.

Edmunds.com predicts Chrysler will sell 146,000 units in November 2007, down 11.2 percent compared to November 2006 but up 0.6 percent from October 2007. This would result in a new car market share of 12.2 percent for Chrysler in November 2007, down from 13.8 percent in November 2006 and up from 11.8 percent in October 2007.

Edmunds.com predicts Ford will sell 176,000 units in November 2007, unchanged compared to November 2006 and down 7.6 percent from October 2007. This would result in a market share of 14.7 percent of new car sales in November 2007 for Ford, down slightly from 14.8 percent in November 2006 and down from 15.5 percent in October 2007.

Edmunds.com predicts GM will sell 290,000 units in November 2007, down 1.3 percent compared to November 2006 and down 5.7 percent from October 2007. GM's market share is expected to be 24.3 percent of new vehicle sales in November 2007, down from 24.6 percent in November 2006 and down from 25.1 percent in October 2007.

Edmunds.com predicts Honda will sell 115,000 units in November 2007, up 8.1 percent from November 2006 and unchanged from October 2007. Its market share is expected to be 9.6 percent in November 2007, up from 8.9 percent in November 2006 and up slightly from 9.4 percent in October 2007.

Edmunds.com predicts Nissan will sell 83,000 units in November 2007, up 9.5 percent from November 2006 and down 2.0 percent from October 2007. Nissan's market share is expected to be 7.0 percent in November 2007, up from 6.4 percent in November 2006 and up slightly from 6.9 percent in October 2007.

Edmunds.com predicts Toyota will sell 199,000 units in November 2007, up 1.2 percent from November 2006 and up 0.7 percent from October 2007. Toyota's market share is expected to be 16.6 percent in November 2007, up slightly from 16.5 percent in November 2006 up from 16.1 percent in October 2007.

About Edmunds Inc. (http://www.edmunds.com/about/)
Edmunds Inc. publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive consumer information, launched in 1995 as the first automotive information Web site. Its most popular feature, the Edmunds.com True Market Value®, is relied upon by millions of people seeking current transaction prices for new and used vehicles. Edmunds.com was named "Best Car Research Site" by Forbes ASAP, has been selected by consumers as the "Most Useful Web Site" according to every J.D. Power and Associates New Autoshopper.com Study(SM), was ranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journal and was rated "#1" in Keynote's study of third-party automotive Web sites. Inside Line launched in 2005 and is the most-read automotive enthusiast Web site. CarSpace launched in 2006 and is an automotive social networking Web site and home to the oldest and most established automotive community. AutoObserver.com launched in 2007 and provides insightful automotive industry commentary and analysis. Edmunds Inc. is headquartered in Santa Monica, California, and maintains a satellite office in suburban Detroit.

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