US light vehicle market slowed in October amid headwinds

US LV sales totaled 1.20 million units in October, according to GlobalData. The annualized selling rate slowed to 15.5 million units/year in October, from 15.7 million units/year in September. The daily selling rate was estimated at 48k units/day in October, compared to 51.6k units/day in September. This was the slowest daily selling rate since February, although this is not wholly surprising given typical seasonal patterns. According to initial estimates, retail sales totaled 1,001,000 units, while fleet sales accounted for approximately 200k units, representing around 16.6% of total sales. This means that YoY growth was relatively balanced across retail and fleet.  

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