When the facts change I change my mind, what do you do sir
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Torrid U.S. car sales pace slowed in September
U.S. auto sales in the third quarter were the best in eight years, but mixed September results from leading automakers on Wednesday indicated the industry's torrid summer pace is slowing. Industry sales in September rose 9 percent, to 1.24 million vehicles, according to research firm Autodata, just missing expectations of nine analysts surveyed by Reuters. The annualized sales rate slowed to 16.4 million, according to Autodata, above last year's 15.4 million, but well below the 17.5 million pace in August. "The rate of growth in industry sales is beginning to moderate," Ford chief economist Emily Kolinski Morris ... (full story)
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