America's Auto Sales at Fastest Pace in Decade Prove Bright Spot
- GM, Ford, Nissan top estimates on continued demand for SUVs
- Analysts boost 2015 outlook seeing sustained customer demand
Big Three Automakers See September Sales Surge
This article is for subscribers only.
Auto sales accelerated more than expected in September, aided by cheap credit, good deals and relatively low gasoline prices. The annualized rate reached the fastest pace in more than 10 years.
General Motors Co., Ford Motor Co. and Nissan Motor Co. all beat analysts’ estimates, while Fiat Chrysler Automobiles NV, Toyota Motor Corp. and Honda Motor Co. met expectations for healthy sales gains last month. Labor Day deals provided a boost, while continued low interest rates and gas prices supported America’s love of pickups and sport utility vehicles. The selling rate, adjusted for seasonal trends, was 18.2 million vehicles, according to Autodata Corp.