Excess inventory, strong incentives and hurricane replacement volume all contributed to a second consecutive upward surge in U.S. light-vehicle sales in October. October’s 18.0 million-unit seasonally adjusted annual rate was the second straight month sales topped the 18 million mark, and was well above the 16.8 million SAAR the industry was tracking at during the first eight months of this year. Perhaps somewhat caused by replacement demand, fleet volume also helped, with an initial ...

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