Throughout Thursday, the big US carmakers will release their sales data for September.
Analysts estimate that auto sales increased at an annualized pace of 17.6 million. August was the best month in 10 years.
Here’s Nomura’s preview: “Auto sales exceeded 17mn seasonally adjusted annual rate for the second consecutive month in August, the first time this has happened since summer 2005. To date, vehicle sales are on pace to hit 17 million units in 2015. Loose lending standards have been a boon for the auto sector and should remain favourable in the near term.”