Auto sales show industry beginning to stabilize
5:14 PM Tue, Nov 03, 2009 | Permalink
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After months of roller coaster-like sales, the auto industry offered signs of recovery from its yearlong slump on Tuesday, as most automakers reported higher levels of U.S. sales in October, according to The Associated Press. GM, the largest U.S. automaker, reported its first monthly sales gain in almost two years, while Hyundai and Subaru were huge winners thanks for their popular models and fuel-efficient sedans. Other top automaker - Toyota, Ford, Nissan - also posted higher sales. The mood was in contrast to a year ago, when consumers were frightened away from showrooms by the early effects of the financial meltdown, plunging stock markets and the credit freeze. Automakers had said this October would be a test of the strength of the auto market after the volatile effects of the government's Cash for Clunkers program. The industry staggered through a tough September following the summer's clunker-fueled sales surge. 
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