October Car Sales To Show 8 Percent Rise: J.D. Power And LMC

wochit business
October 24, 2013 AT 5:09 PM
The shutdown of the federal government put a crimp in U.S. auto sales in the first half of October, but new-vehicle purchases for the month will still rise 8 percent from a year ago, J.D. Power and LMC Automotive said on Thursday. The two consultancies jointly forecast October sales of 15.4 million vehicles on a seasonally adjusted annualized basis. Kelley Blue Book predicts October U.S. auto sales will rise 12 percent, with an annualized sales rate for the month of 15.4 million vehicles.