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Black Friday could power record November sales

Black Friday allows some shoppers to line up in the wee hours for doorbuster deals on laptops and TVs, but the day after Thanksgiving could mean huge profits for automakers this year, too. Multiple industry analysts predict record growth for the industry for November, and the upcoming incentives could help those numbers. TrueCar predicts that Black Friday incentives could provide a major boost, and it estimates a November sales jump of 3.9 percent from last year to a record for the month at over 1.35 million vehicles. As examples of potential deals, Chevrolet, Buick, and GMC plan to offer up to 20 percent off some models, and FCA US has no-interest financing for up to 75 months from its brands. "Consumers are excited about Black Friday promotions and these month-long events appear to be resonating with car buyers." Eric Lyman, TrueCar's vice president of industry insights, said in the report. Black Friday only recently became a big day for auto sales, according to an analysis from Edmunds. Last year, Thanksgiving weekend posted double the sales as any other weekend in the month. The company predicts a sales volume of over 1.33 million vehicles for November. If that happens, it would be the beat the previous record of 1.32 million sales for the same month in 2001. Some forecasts temper the gains for November but only slightly. Kelley Blue Book predicts flat year-over-year sales at 1.3 million vehicles, but that's largely because there are two fewer sales days in 2015 versus in 2014. "Black Friday deals on vehicles have grown in popularity in recent years, and should be a big contributor to this month's sales results," said analyst Tim Fleming in the study. The combined research from J.D. Power and LMC Automotive have the lowest November prediction among this group at just over 1.279 million sales for the month versus 1.299 million in 2014. However, once the researchers adjust the figures for the two fewer selling days, 2015 could actually be seven percent higher than last year. TrueCar Finds New Auto Sales in November to Reach Monthly Record Black Friday promotions bolster sales gains; industrywide incentives up 6% from last year November 24, 2015 12:11 PM Eastern Standard Time SANTA MONICA, Calif.--(BUSINESS WIRE)--TrueCar, Inc. (NASDAQ: TRUE) projects total new vehicle sales, including fleet deliveries, will reach 1,352,500 units in November, a 3.9 percent increase from a year ago and the highest ever for the month.

J.D. Power customer survey of dealers counts Cadillac, Buick as big winners

Cadillac and Buick have taken the trophies in J.D. Power's latest Customer Service Index Study examining satisfaction with dealer service. Surveying more than 90,000 owners and lessees of 2009-2013 model-year cars, the study found that those with pre-paid maintenance packages were ten percent more likely to buy their next car from the same brand.
Dealer satisfaction scores have improved overall, Cadillac nabbed the luxury segment ahead of Audi and Lexus, taking the crown that Lexus held last year. Buick keeps the mass-market dealer satisfaction win in the family, finishing ahead of Volkswagen and last year's winner GMC. The study also found that service department use of tablets increased customer satisfaction, as did "best practices" like "providing helpful advice." Who knew?
You can find details on those and more findings in the press release below.

2022 GMC Hummer EV could get a rival from China's Dongfeng

The popularity of GMC's Hummer EV hasn't gone unnoticed in China. State-owned carmaker Dongfeng is reportedly planning to launch an electric version of the M50 Warrior, a Hummer-like off-roader, that will inaugurate a new sub-brand dedicated to battery-powered trucks. Without citing sources, website Car News China wrote that the division will be called M, a letter that stands for something completely different if the cars that you're into come from Munich. Executives are initially planning three models called M18-1, M18-2, and M18-3, respectively. The M18-1 will reach the market first, and it's described as an electrified M50 Warrior (pictured) with seating for six. Dongfeng will build the M18-1 on a new architecture called MORV that was developed in-house. The powertrain will develop up to 1,072 horsepower, which is 72 horses more than the most powerful version of the Hummer EV, yet the zero-to-60-mph time will check in at under 5 seconds, which is roughly 2 seconds more than the GMC. It will offer around 310 miles of range thanks to a 140-kilowatt-hour battery. Another interesting point is that the M18-1 will supposedly be much lighter than the Hummer EV — it will even weigh less than the gasoline-powered M50 Warrior that it's based on. It will tip the scale at around 6,900 pounds and stretch about 205 inches long, compared to 9,046 pounds and 217 inches for the Hummer. Of course, these numbers are purely hypothetical until the truck starts rolling off the assembly line. Speaking of, production is tentatively scheduled to start in 2023 in a factory that's currently being built in China. Dongfeng expects to sell approximately 4,160 units per month, though nothing suggests that the M18-1 will venture onto the GMC Hummer EV's home turf. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Green GMC SUV Electric Off-Road Vehicles