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Auto sales recovery momentum builds

Published: Thu, October 25, 2012 @ 11:45 a.m.

Auto sales recovery momentum builds


Analysts are estimating the General Motors will sell more than 200,000 vehicles in October, an increase an increase of more than 7 percent over last year.

TrueCar.com, an automotive information website, projects GM’s sales will be down 4.6 percent against September’s sales. The report anticipates that all major auto manufacturers sales will be up compared to October 2011 with Volkwagen and Toyota leading the way with increases of 25.1 and 22 percent respectively.

“New car sales are on automatic pilot. October was a robust start to fourth quarter sales with most manufacturers posting double digit gains while continuing to lower incentives spending,” said Jesse Toprak, senior analyst at TrueCar.com. “We expect this recovery momentum to continue into the next year, with 2013 sales reaching 15.5 million units.”


1CitizenJeanne(2 comments)posted 2 years, 11 months ago

The revival of the U.S. auto industry is one of the most outstanding success stories in U.S. history, due to the bold move by President Obama at a time when no one in Congress (Ryan) or the private sector (Romney) would step forward to save an iconic American industry and save hundreds of thousands of jobs, primarily in Michigan and Ohio, but also in other states that depend on the auto industry.

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2redeye1(5260 comments)posted 2 years, 11 months ago

No body, Once again, I say no one truely knows if GM would have gone out of business.. Its BS that the unions started. As far as the auto industry goes many maybe working , but the number of people not working out numbers them by 10x that amount. . As a poster on a another site stated GM had a car that the people wanted and they might have saved themselves , not BO ( Blame Others) . But that noise makes headlines around here.

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3Ytownnative(1114 comments)posted 2 years, 11 months ago

Obama FORCED GM into bankruptcy so the government could own it. Government Motors is the same as food stamps and welfare

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4Ytownnative(1114 comments)posted 2 years, 11 months ago

Yea I know but jeanne is entitled to an opinion

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5ytownredux(117 comments)posted 2 years, 11 months ago

It's interesting that you would call Obama's jobs plan to be all government funded jobs, seems to me he created almost 5 million private sector jobs his first four years in office, approximately 4.25 more private jobs than Bush did in 8 years.

Yes he is calling for more teachers and other local public jobs, but that is alongside with more private jobs. If you take your head out of your Romney money clip, you may understand the difference.

1 in 8 jobs in Ohio are auto related. this is why Ohio is 5 points ahead for Obama, its really quite simple, I am voting for who did more for me and my state, that is Obama. Romney would not have done the bailout and there was no one willing to loan to them so there was no loan for the government to guarantee. Period!

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6georgejeanie(1107 comments)posted 2 years, 11 months ago

16 trillion in debt, I do not care how many jobs this socialist creates. This debt is crushing us and generations to come. All this guy is doing is kicking the can down a shorter road by the day.

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7VINDYAK(1824 comments)posted 2 years, 11 months ago

With winter soon upon us, some major corporations are already announcing lay-offs, and there will be more by the end of the year. This is not a good sign for an economic recovery that Obama is touting. I just don't have the same confidence he does due to corporate chatter I hear and read.

As more people are laid-off or have their hours cut, you will see a trickle-down effect to the auto industry. If Obama gets re-elected, there will be even more negative reaction by the corporate world as they attempt to overcome the new Obama health plan and tax increases.

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