US auto sales were epic in November, but that hasn't stopped speculation about an expensive 'transformation' of the car business

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November US auto sales came it at a near-record pace of 17.5 million units. Average sales prices were also extremely high by historical standards.

November US auto sales came it at a near-record pace of 17.5 million units. Average sales prices were also extremely high by historical standards. The US market is on track to notch another robust year of new-car sales — the fifth in a row. Almost all of the new cars sold in the US and around the rest of the world run on gasoline, but that hasn't stopped arguments about a massive and costly transformation of the auto industry by electric vehicles. There is no transformation.

November US auto sales came it at a near-record pace of 17.5 million units. Average sales prices were also extremely high by historical standards. The US market is on track to notch another robust year of new-car sales — the fifth in a row. Almost all of the new cars sold in the US and around the rest of the world run on gasoline, but that hasn't stopped arguments about a massive and costly transformation of the auto industry by electric vehicles. There is no transformation.

 

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