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US light vehicle sales edge down in October
US light vehicle sales fell in October from the prior month, reflecting little impact from a strike by the United Auto Workers (UAW) that targeted the Big 3 automakers. Sales fell to a 15.5mn seasonally adjusted annual unit pace in October from a 15.7mn rate in September, according to the Bureau of Economic Analysis. That compared with a 14.7mn unit rate in October last year. Sales for the year peaked at a 16.1mn unit rate in June. Sales were little impacted by the UAW strike that began 15 September and was paused in the last week as inventories were high heading into the strike. The strike targeted Ford Motor, ... (full story)