October auto sales have been coming in at a better than expected rate, and analysts are increasingly hopeful for a 12 million run rate for 2010.
This would mean that 12 million new cars have been sold for the year, a level the U.S. has not seen in almost 4 years.
General Motors, which just recently announced the price point for its IPO, reported sales for the month of October rose 7.2%, versus the 5.2% analysts' were anticipating. These numbers include core brands, such as Chevy, Cadillac and GMC.
Chrsyler just reported its October U.S. sales, and the results were also better than expected, showing a 37% increase. Analysts expected a rise of 32%.
Honda HMC just reported U.S. automotive sales, which it said were up 19% in the month of October.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in