Auto sales were strong in October as buyers grabbed fully loaded pickups, SUVs – Los Angeles Times

Posted: Wednesday, November 01, 2017

October was a good month for auto sales, driven by general economic growth and continued vehicle replacement in the wake of hurricanes in Houston and South Florida.

Sales are expected to slightly top the 1.37 million cars sold in October 2016 once all automakers release the month’s results.

Of those that have reported sales figures, General Motors unit sales were down 2.2%, and Fiat-Chrysler saw a 13.2% drop. But Toyota was up 2.2%, Ford was up 6.4%, Nissan was up 10.2% and Volkswagen was up 11.9%.

“Overall conditions remain very, very strong,” said Alec Gutierrez, senior analyst for Kelley Blue Book. “Consumer confidence continues to rise. Unemployment is down [to around] 4%. There’s $2.40-a-gallon gas” on average around the nation.

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