Are vehicle sales continuing to trend up? We've been dissecting the November sales data for answers. Unfortunately the answers are equivocal. The tempo is up for a few days, then down for a few days.
Of course, the weekend that matters is coming up. Assuming Thanksgiving Weekend Sales have roughly the typical lift, unit sales in November will be less than October. But that is assumed in SAAR. We see fleet up one point, with retail down a bit.
Overall, we see SAAR for November coming in right 12.2--the same as October.