Via Christophe-Barraud.com,

As I previewed, U.S. new vehicle sales declined for the second straigth month in November and came below expectations.

According to Wards data, they fell to 15.55m SAAR (a 3-month low), down from 16.21m in October.

In this context, the auto sector will probably contribute negatively to November retail sales that will be released on December 16th.

In addition, other proxies, such as Visa spending cards, also pointed to a slowdown in November.