U.S. light-vehicle sales took a nosedive in October as the pull-ahead effect of the 18 million-plus seasonally adjusted annual rates (SAARs) of July and August was greater than expected. The temporary shutdown of 29 West Coast ports early in the month that caused some lost production due to parts shortages and delayed delivery of import vehicles to dealers apparently had little negative impact on sales. Sales totaled 1.301 million units for a daily selling rate of 48,186 – 27 selling ...
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