U.S. AUTO SALES LIKELY TO RISE 3% YEAR-ON-YEAR IN OCTOBER

Highlights

• The consultancies said retail sales of new vehicles are estimated to reach nearly 1.2 million units in October, which is a 3 percent increase from a year ago when adjusted for selling days

• Thomas King, president of the data and analytics division at J.D. Power said “Two consecutive months of year-over-year retail sales increases demonstrates that consumer demand is showing remarkable strength<....