Tuesday, November 01, 2011

Preliminary Vehicle Sales for October

by Bill McBride on 11/01/2011 02:30:00 PM

Note: DJ is quoting an unnamed Greek official saying the referendum is "basically dead".

The early auto sales reports are a little mixed, but it appears sales will be over 13 million SAAR (the consensus is for 13.2 million SAAR). The high for the year was 13.2 million SAAR in February.

I'll post a graph of October auto sales around 4 PM ET.

From the WSJ: October U.S. Auto Sales Hit Yearly Peak

U.S. auto sales surged in October to their fastest pace of year ... GM sales analyst Don Johnson said he expects the sales pace to remain above 13 million vehicles in the final two months of 2011, and to move higher next year.
From Bloomberg: Big Three Auto Sales Rise Less Than Estimates
General Motors Co. (GM) and Ford Motor Co. (F) said U.S. deliveries increased less than analysts’ estimates that called for the best sales month since February.
Earlier:
ISM Manufacturing index indicates slower expansion in October
Construction Spending increased slightly in September