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New-Car Sales Projected to Gain 11%-12% in October

TrueCar projected that GM (GM - Get Report) sales will increase 7% in October, while Ford sales will increase 5% and Chrysler will increase 15%. Toyota is projected to gain 22%, with Honda and Hyundai Kia both up nearly 14% and Nissan (NSANY) up 5%.

Pickup truck sales are expected to gain about 6% in October, helping the Detroit Three, as a result of the improving house market. "Tightening supply and growing demand for new homes are breathing new life into the construction industry, boosting truck sales as construction workers come back to market and finally replace their aging vehicles," said Edmunds.com analyst Lacey Plache.

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

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SYM TRADE IT LAST %CHG
NSANY $20.09 -1.18%
F $15.92 -1.40%
GM $36.74 -2.00%
HMC $32.71 -0.15%
TM $138.49 -1.00%

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