US Oct auto sales seen slowing on fewer discounts

Newswire

By Justin Hyde DETROIT, Oct 30 (Reuters) - As prices rise, demand falls. That's the basic economic lesson the U.S. auto industry will likely offer on Monday when it reports October auto sales. October's sales of new cars and light trucks are expected to hit a seasonally adjusted annual rate of about 16.1 million, according to a survey of analysts by Reuters. That would be the second month of decline in the sales rate, from 18.9 million in August and 16.7 million in September, but ahead ...

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