Photo: Stephen Dunn/Getty Images
Last month, auto sales crushed expectations, largely on the backs of Chrysler, Toyota, and Honda.The official numbers for October won’t be available for a few days, but things are looking good, according to a forecast by J.D. Power and Associates.
The marketing research firm predicts sales will continue September’s trend of double-digit year-over-year growth, and that they represent a 13 per cent rise over October 2011 figures.
In contrast, Europe is dealing with a devastating drop in auto sales. Ford announced it will shut down two plants in the UK and one in Belgium in anticipation of $1.5 billion in losses on the year.
Peugeot has so far avoided cutting jobs, thanks to a bail-out from the French government, in the form of $9 billion of credit guarantees.
The JD Power and Associates forecast does not break down sales figures by automaker.
[Via Automotive News]
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