October Auto Sales: Gains Expected
Auto Sales Gains Expected for OctoberFriday October 27, 5:22 pm ET By Tom Krisher, AP Business Writer
October Auto Sales Expected to Have Little Impact on Inventories
DETROIT (AP) -- Bloated inventories of trucks and sport utility vehicles languishing on dealers' lots make it increasingly likely that automakers will sweeten incentives to keep market share, analysts say.
Inventories of the truck-based vehicles are high, with some nearing a six-month supply, and analysts don't expect October sales to make much of a dent in them when the numbers come out Wednesday.
At Dodge, Jeep and Chrysler dealers, that means one thing: "Pretty damn good deals," said Chrysler spokesman Jason Vines.
According to Wards AutoInfoBank, DaimlerChrysler AG's Chrysler Group had an 82-day supply of cars and trucks as of Sept. 30, the largest in the industry, followed by General Motors Corp. at 76 days and Ford Motor Co. at 74. Toyota Motor Corp., in contrast, had only a 29-day supply....read more:
here10/27/2006 05:40:00 PM
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