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STOP THE PRESSES: Auto Sales DOWN in September

Just when you thought it was safe to go into a car dealership again, numbers from September show that auto sales for the month are down from last year. This is the most sluggish car sales have been since April.

Although the tea leaves are still being read, early signs point to 15.28 million cars being sold this year, a rate that is sharply down from the 16.09 million projected annual rate of August, which coincidently was the most robust annual rate since the recession hit. In total, 1.14 million cars and light trucks were sold last month, 4.2 percent less than what were sold in September of 2012, according to Autodata Corp.

Last month’s figures were the first monthly year-over-year decrease in auto sales in more than two years.

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The author has many years of experience in automotive finance and insurance. However, each consumer's situation is unique. It is best to contact a finance specialist for further assistance.
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