Auto Sales | featured news

October was a relatively good month for the auto industry, which is trying to build momentum in what has been a slow recovery.

The month of October is just about a wrap, and it’s shaping up to be a good one for the auto industry.

A strong customer demand for the vast range of Toyota has helped the company to cross the 200000 plus sales mark in the month of September. The company has been a leader in 7 categories of its vehicles and has not fell below the third place in whichever category it had participated.

While sales were up, overall demand continued to be lower than automakers had expected it to be at this point in the economic recovery.

Retail sales are expected to show an increase in August despite weakness in auto sales. Economists surveyed by Thomson Reuters expect retail sales will increase 0.3 percent in August following a 0.4 percent rise in July.

Spending fell 1.2%, the biggest dip in eight months. Auto sales were down 1.7%. Retail sales plunged in May by the largest amount in eight months as consumers slashed spending on everything from cars to clothing.

U.S. auto sales continued to rise in April as the stabilizing economy and attractive discounts brought more consumers into showrooms.

Ford and GM report an increase of 43% for the month. And Honda is up 22% compared with a year ago as automakers keep pace with incentives offered by troubled Toyota.

US auto sales rose in January but were tempered by Toyota Motor Corp. (TM), which suffered a sales slide late in the month from a recall that led the auto maker to halt sales of more than half its vehicles.

Sales fall after a surge in the previous month, but the drop is smaller than forecast. Retail sales fell in September after a popular program aimed at boosting auto sales ended ...