Comment on U.S. auto sales pick up, but shares slip on Wall Street

U.S. auto sales pick up, but shares slip on Wall Street

The industry sold more than 1 million vehicles in the U.S. in October, a 7.5% gain from a year earlier. But increases for Ford and General Motors are less than expected, hurting stocks in the sector.Consumers streamed into dealer showrooms in October but that wasn't enough to appease Wall Street, where auto company shares slid on worries that vehicle sales may have peaked.

 

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