Despite 0% financing programs on '00 models at General Motors Corp. and strong incentives from other high-volume manufacturers, U.S. light vehicle sales declined 1.4% in October to a daily selling rate of 51,279, down from like-1999's 51,993 (26 selling days each). By historical standards October still was a strong month (see insert), and its seasonally adjusted annual rate of 16.87 million was above year-ago's 16.80 million. By raising retail market incentives, the industry had been able ...
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