With consumer confidence unexpectedly up in the last couple of weeks, according to the University of Michigan, and with new-vehicle demand historically stronger than in November, it’s possible the auto industry will better last month’s sales pace in December. However, year-over-year declines for individual auto makers could range as high as 50%, and industry-wide sales are forecast to finish at a seasonally adjusted annual rate of 9.9 million, the first sub-10 million monthly SAAR since ...
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