Newspaper article St Louis Post-Dispatch (MO)

U.S. Auto Sales Drop 6 Percent despite Discounts, GM off 1.7 Percent

Newspaper article St Louis Post-Dispatch (MO)

U.S. Auto Sales Drop 6 Percent despite Discounts, GM off 1.7 Percent

Article excerpt

DETROIT * U.S. auto sales fell an estimated 6 percent in October despite increased consumer discounts on many popular models, as the trend toward pickups and SUVs continued, automakers and WardsAuto reported on Tuesday.

WardsAuto, an auto industry publication, showed sales at 17.9 million on a seasonally adjusted annualized rate, including an estimate of sales by No. 2 U.S. automaker Ford Motor Co., which will report later this week.

General Motors said its October sales fell a less-than-forecast 1.7 percent. Sales of its big SUVs and smaller pickups the Wentzville-made Chevrolet Colorado and GMC Canyon surged, while sedan sales fell.

Colorado sales totaled 10,578 in October, a 49.9 percent increase; Canyon sales were 2,785, a 15.3 increase. …

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