September U.S. auto sales seen sliding even as discounts rise

Major automakers are expected on Monday to report their second straight decline in monthly U.S. sales as heavy discounting has failed to bring demand up to last year’s robust September sales.
Twenty-four economists polled by Thomson Reuters expect September sales of 17.3 million vehicles on a seasonally adjusted annualized basis, below forecasts by J.D. Power-LMC Automotive of 17.68 million and TrueCar Inc at 17.4 million. The economists’ estimates ranged from declines of 0.8 percent to 2.5 percent.

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