Editor's note: An earlier version of this story stated incorrectly the number of months the seasonally adjusted, annualized pace of sales has topped 18 million or more.
U.S. auto sales slipped 1.1 percent in October yet the industry chalked up its second-strongest selling rate of the year after a robust September.
The seasonally adjusted, annualized pace of sales for October came in at 18.11 million -- aided by higher discounts and fleet shipments at some automakers, strong truck volume and replacement demand in states battered by hurricanes. It was the second-strongest month of the year, on a SAAR basis, after September's 18.58 million rate, and much higher than most analysts’ projections.
It's only the 12th month since 2000 and the 14th month since 1976 that the SAAR has topped 18 million or more units, according to the Automotive News Data Center.
Previous forecasts from LMC Automotive, Kelley Blue Book and Edmunds saw a 2 percent to 4 percent decline in October volume.
Ford, Nissan, Honda, Volkswagen, Toyota and Subaru posted higher sales tallies. FCA US, General Motors and Hyundai-Kia volume fell.
The U.S. new-vehicle market, after seven straight annual gains capped by a record 2016, is now off 1.7 percent through October.
Light truck demand, up 3.4 percent in October, continues to propel the market, while car demand remains weak, off 8.8 percent last month.
Here’s how major companies fared in October, the incentive climate, and other insight.