November U.S. light-vehicle daily sales should rise from year ago, presenting the first non-“Cash for Clunkers” related evidence the industry may be on the ascending side of a V-shaped recovery. Ward’s is forecasting the highest year-on-year increase in the daily sales rate since October 2006 and the first positive increase – other than August’s Clunker’s enabled 5% rise – since September 2007. Ward’s November forecast calls for a reversal of last month’s outcome, which showed a slight ...
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