Good news here:
Vehicle sales rose a strong 4.2 percent in November to a 17.2 million unit annual rate which is outside the top end of the Econoday consensus for 17.0 million. Sales of North American-made vehicles proved especially strong, at a 14.0 million rate which is also outside the top-end forecast. Sales of foreign-made vehicles rose to a 3.3 million rate from 3.2 million. Today’s data point to a second straight gain, and an especially strong gain, for the motor vehicle component of the November retail sales report which rose a solid 0.5 percent in October.