The auto industry’s hot streak continued in October with most high-volume car companies posting strong U.S. sales results, setting the stage for a strong finish in 2017. Full-year auto sales through 10 months are holding close to the pace set a year ago. Nissan said its sales rose 8.4% compared with the prior October, while Toyota reported a 1.1% increase. Both companies cited strong sales of smaller crossover SUVs—such as the Nissan Rogue and Toyota RAV4—as a reason for gains. The strong sales pace is partially tied to high incentive spending, Kelley Blue Book analyst Tim Fleming said.

Source: Wall Street Journal November 01, 2017 13:46 UTC