Steel Markets
November 2, 2017
October Auto Sales Better Than Expected
Written by Sandy Williams
Hurricane recovery, fleet sales and rental car companies contributed to a strong month for U.S. auto sales. Pickup trucks and SUVs continue to be snapped up by consumers.
“We did see continued hurricane replacement at the beginning of the month,” Michelle Krebs, an analyst at car-shopping website Autotrader, told Bloomberg. “The economic factors are also in trucks’ favor. People are back to work and construction activity is up, which is good for truck sales.”
