GM, Ford could list November gains today

December 1, 2009

GM, Ford could list November gains today

Nov. auto sales may speed up

BY MIKE RAMSEY and ALEX ORTOLANI
BLOOMBERG NEWS

U.S. auto sales may run at a faster pace in November from a year earlier for just the second month in 2009 in a sign that the industry is starting to rebound.

The seasonally adjusted annual rate will be 10.5 million cars and light trucks, the average estimate of seven analysts in a Bloomberg News survey. That would be up from 10.17 million in November 2008, according to data compiled by Bloomberg.

A November increase would be the first this year without government aid. The August pace climbed to 14.09 million as the U.S. Transportation Department offered cash-for-clunkers incentives of as much as $4,500 for buyers who traded in less fuel-efficient cars from July 27 to Aug. 24.

U.S. sales were 13.2 million in 2008, after averaging 16.8 million this decade through 2007.

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