Auto sales up in September, analysts predict
U.S. automobile sales in September might have been the best since March, Bloomberg reports.
Industry-wide deliveries, scheduled to be released Friday, may have reached an annual rate of 11.7 million vehicles, matching the rate of March and topping the rate of 9.4 million last September, according to Bloomberg analysts’ estimates.
“It confirms to us that the recovery has gained a little bit of momentum in the third quarter and is somewhat back on track, but it is still a very slow recovery,” said Paul Ballew, chief economist for Nationwide Mutual Insurance Co.
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