November Auto Sales: Another Solid Month for the Detroit Three
Last Thursday, General Motors (NYSE: GM) detailed its strategy for surviving (and thriving) as the traditional model of car ownership is disrupted. The top U.S. automaker is confident that it can be a long-term winner as so-called "robo-taxis" become the norm.
However, on Friday, GM and its Detroit rivals Ford (NYSE: F) and Fiat Chrysler (NYSE: FCAU) offered up some evidence that U.S. drivers aren't about to give up their vehicles. While doomsayers have been warning that auto demand has peaked, all three automakers posted solid sales results again in November.
Of the three U.S. automakers, Ford posted the strongest sales numbers last month. The company and its U.S. dealers delivered 210,771 vehicles in November, up 6.7% year over year.
Source: Fool.com
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