- US auto sales rose more than expected in October.
- September was the strongest month of this year for the auto companies. They benefitted as people replaced cars that were salvaged by recent hurricanes.
- This bump could persist for a few more months. Also, end-of-year incentives for buyers could boost sales in November and December.
US auto sales rose more than expected in October, following the strongest month of 2017.
Sales increased at a seasonally adjusted annual rate of 18.1 million, according to Autodata's estimate.
- Toyota:
- 0.9%
- 11.9%
- -8.4%
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Carmakers could get a seasonal boost from year-end product launches and promotions around Black Friday, Christmas and the new year.