GM, Fiat Chrysler Sales Slip in October Amid Fewer Selling Days – Wall Street Journal

Posted: Wednesday, November 02, 2016

Auto makers reported an encouraging trend for earnings in October, posting strong retail demand for profitable light trucks that is likely to achieve a record level even as overall car and light truck sales are cooling off.

More than 62% of vehicles sold at dealerships during the month were pickup trucks or sport-utility vehicles, estimates to researcher J.D. Power, a shift sparked by fuel-efficiency gains in heavier vehicles and cheap gasoline prices. Overall volume likely sputtered during the month due to fewer selling…

Comments

Write a Reply or Comment:

Your email address will not be published.*