Aggressive discounting and the continued popularity of big pickup trucks helped propel November vehicle sales well past expectations, with the three Detroit automakers and two of Japan's top three reporting year-to-year increases on Tuesday.The industry's torrid sales pace in November reached an annual rate of 16 million vehicles, according to General Motors Co. That was the second highest for the year and well above last month's annual rate of 15.2 million.Analysts polled earlier by Thomson Reuters had estimated the seasonally adjusted annual sales rate in November was 15.75 million.Manufacturers continued to provide ample incentives averaging $2,500 per vehicle and more in November, according to research firm TrueCar.com.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.48% or $-0.18/share to $37.39. In the past year, the shares have traded as low as $27.54 and as high as $38.73. On average, 861686 shares of TRI exchange hands on a given day and today's volume is recorded at 179963.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.3% or $-0.12/share to $39.86. In the past year, the shares have traded as low as $27.35 and as high as $40.61. On average, 939088 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 282374.
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