U.S. auto sales seen off sharply in October

Newswire

By Justin Hyde DETROIT, Oct 25 (Reuters) - American consumers were snapping up new cars and trucks at a record pace one year ago, lured by a novel offer of no-interest loans. Today, the novelty has worn off and industry experts say October's vehicle sales could be the slowest so far this year. The average analyst forecast for U.S. auto sales in October calls for a seasonally adjusted annual sales rate of 15.8 million, well off last year's all-time record of 21 million and down about 5 ...

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