USA - September car sales best for 5 years
Passenger car sales in the USA reached their highest September level for five years when they rose by 4.5% against last year at 719,799 from 688,624. That eased the year to date gain to 8.3% at 6,728,986 from 6,212,809. The cumulative rate of growth for the nine months period is a little ahead of our expectations. We expect a full year total of 8.6 million units, but for that to happen there will have to be a considerable slow down over the closing months of the year because the annualised selling rate currently stands at 8.7 million.
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