Thursday, December 14, 2017
Business

Thanksgiving weekend boosts auto sales

DETROIT — The holiday weekend was good to U.S. automakers, as November sales rose 9 percent to beat strong numbers from a year ago.

Sales ran at an annual rate of 16.4 million cars and trucks last month, making it the best rate of the year, according to Autodata Corp.

Normally, November is a lackluster month for auto sales. But automakers, particularly Ford and General Motors, offered deals this year that brought out buyers, according to the Kelley Blue Book auto website.

"Industry sales in November picked up after Thanksgiving, contributing to the best sales pace of the year," said Bill Fay, Toyota division group vice president and general manager.

Kurt McNeil, GM's U.S. sales chief, attributed the strong sales pace to better conditions for consumers.

"The economy is creating jobs and household wealth," he said. "Energy costs are dropping, and credit is available and affordable. All of this bodes well for future growth."

Small crossover SUVs like the new Jeep Cherokee were once again the stars for the month. The Cherokee notched the rare achievement of sales of more than 10,000 in its first full month on the market. The crossovers continued to gobble up market share during November, gaining 2 full percentage points over a year ago to 15.5 percent of U.S. sales, said Erich Merkle, Ford's top sales analyst.

The gains came at the expense of small and midsize cars. Midsize cars' share of the market fell one point to 14.5 percent, while small cars dropped a point to about 20 percent, Merkle said. Both Ford and GM said competitors offered big discounts on their small and midsize cars and predicted that trend would continue.

Overall, Chrysler sold just over 142,000 vehicles last month for its best November in six years, up from nearly 123,000 a year ago. Sales of Jeeps rose 30 percent, and the brand had its best November ever.

Both GM and Chrysler reported their best November sales since 2007. GM sales rose to 212,060, up from 186,505.

GM was led by larger vehicles, with its top-selling Chevy Silverado pickup posting a 12 percent gain. The GMC Sierra pickup saw sales rise 23 percent. Large SUVs also had big sales, with the Chevrolet Tahoe up 23 percent. Big cars also were up. The Chevy Impala posted a 20 percent gain, while the Cadillac XTS was up 42 percent.

The double-digit pickup gains were repeated at Ford and Chrysler. Sales of Ford's F-Series rose 16 percent to 65,501. For Chrysler, sales of the Ram pickup increased by 22 percent.

Comments
Pack your bags: 107.3M Americans to set holiday traveling record

Pack your bags: 107.3M Americans to set holiday traveling record

A record-breaking number of Americans are expected to travel this holiday season.The American Automobile Association projects that 107.3 million Americans will pack their bags and travel more than 50 miles by planes, trains, automobiles and other mod...
Updated: 4 hours ago
Local widowers say baby powder caused their wives’ cancer

Local widowers say baby powder caused their wives’ cancer

Two Tampa area widowers whose wives died of ovarian cancer are suing Johnson & Johnson, joining nearly 5,000 other plaintiffs across the country who blame their illness on the daily use of the pharmaceutical company’s talcum powder.Bryan Isa’s wife, ...
Updated: 7 hours ago
Jabil’s fiscal results top Wall Street expectations

Jabil’s fiscal results top Wall Street expectations

ST. PETERSBURG — Jabil Circuit Inc. beat Wall Street expectations for both profits and revenue Thursday.The St. Petersburg-based contract electronics manufacturer — one of Tampa Bay’s biggest public companies — posted fiscal first-quarter earnings of...
Updated: 7 hours ago
Soccer store opens on Gunn Highway, just in time for the World Cup

Soccer store opens on Gunn Highway, just in time for the World Cup

Even though the United States Men’s soccer team didn’t qualify for the 2018 FIFA World Cup, that hasn’t diminished local fans’ excitement about the upcoming international event.Ariel Martinez, owner of Best Buy Soccer and Lacrosse, has already receiv...
Updated: 8 hours ago
Tampa chamber names first companies for minority business accelerator

Tampa chamber names first companies for minority business accelerator

TAMPA — Four firms in marketing, construction and secure cash logistics will be the first to go to through a new Greater Tampa Chamber of Commerce program designed to help black- and Hispanic-owned companies grow their businesses through two years of...
Updated: 9 hours ago
FCC votes down Obama-era ‘net neutrality’ rules

FCC votes down Obama-era ‘net neutrality’ rules

NEW YORK — The Federal Communications Commission has voted on party lines to undo sweeping Obama-era "net neutrality" rules that guaranteed equal access to internet.The agency’s Democratic commissioners dissented in the 3-2 vote Thursday.The FCC’s ne...
Updated: 11 hours ago
From Crystal River to Brooksville, branch out to shop on these unexpected main streets

From Crystal River to Brooksville, branch out to shop on these unexpected main streets

You don’t have to stare at a greeting card to picture a bustling old main street lined with decorated shops and lampposts. Historic small-town shopping districts are easy to find, and more charming than Walmart. Beyond the downtowns of St. Pet...
Updated: 11 hours ago
American Social booming on Harbour Island

American Social booming on Harbour Island

HARBOUR ISLAND — Downtowners, conventioneers, hockey fans, concert-goers and anyone hungry for waterfront dining are discovering American Social Bar & Kitchen on Harbour Island. Panoramic views, accessible boat slips and walkability to Amalie Arena a...
Updated: 12 hours ago
A healthy dining option opens in Downtown Tampa

A healthy dining option opens in Downtown Tampa

SOUTH TAMPA— Vale Food Co., a health food restaurant, hopes to make its mark on the bay area foodie scene with the opening of its first location in Tampa.In 2014, Sunny Ilyas was a Florida State student trying to find an affordable, healthy meal for ...
Published: 12/14/17

Tampa Bay is above average in minority homeownership

Tampa Bay ranks 22nd among the nation’s 45 largest metro areas in the percentage of minority homeowners. According to Abodo, an online apartment marketplace, 46.2 percent of minorities in the bay area own their homes, which have an average value of $...
Published: 12/14/17