The automakers will report October vehicle sales on Tuesday, November 1st.

Note:  There were 26 selling days in October 2016, down from 28 in October 2015.

From WardsAuto: Forecast: October Daily Sales to Reach 15-Year High

A WardsAuto forecast calls for October U.S. light-vehicle sales to reach a 17.8 million-unit seasonally adjusted annual rate, making it the seventh month this year to surpass 17 million.

A 17.8 million SAAR is greatly higher than the 17.3 million recorded year-to-date through September, but does not beat the 18.1 million result recorded in the same month last year.
emphasis added

From J.D. Power: New-Vehicle Retail Sales in October Slip; Sixth Monthly Decline of 2016

The SAAR for total sales is projected at 17.7 million units in October 2016, down from 18.1 million units a year ago.

This graph shows light vehicle sales since the BEA started keeping data in 1967.

Vehicle SalesThe dashed line is the September sales rate.

Sales for 2016 – through the first nine months – were up slightly from the comparable period last year.

After increasing significantly for several years following the financial crisis, auto sales are now mostly moving sideways.

From http://feedproxy.google.com/~r/CalculatedRisk/~3/MjvN829NL_M/vehicle-sales-forecasts-sales-over-17.html

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