U.S. Auto Manufacturers Report Best Sales in a Decade

The major American auto manufacturers reported double-digit increases in sales in the month of October. The increased sales, approaching 1.46 million vehicles, is a 13.6 percent increase from the same period a year ago, and accounts for the best October sales in ten years. Sport Utility Vehicles and Pick-up trucks drove sales, as low financing and cheap gasoline made these vehicles attractive to purchasers. To date, auto manufacturers have sold 14.5 million vehicles, with estimates indicating as many as 17 million vehicles may be sold by year end.

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