November Auto Sales Up Estimated 8.4%, Aided by Financing Deals
U.S. auto sales rose an estimated 8.4 percent
in November 2001 compared to November 2000, boosted by no-interest loans that had helped push October's pace to a record, according to a Bloomberg News story by Alison Fitzgerald.
November's annual sales rate may hit 18 million vehicles, keeping 2001 on track as the second-best sales year even after the economy entered a recession in March.
General Motors Corp. is forecast to say Dec. 3 that November sales rose 17 percent, while Ford
gained 5.6 percent, based on the average estimates of seven analysts. DaimlerChrysler AG's Chrysler sales fell 4.6 percent. Toyota Motor Corp. and Honda Motor Co. each gained about 9 percent, according to one analyst who
tracks those companies.
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