Automobile and light commercial vehicle market grew by 14.9 percent in October

According to the Automotive Distributors Association data; the automobile and light commercial vehicle market increased by 14.9 percent annually in October. The automobile and light commercial vehicle market decreased on an annual basis in the first 10 months. According to ODD data, the automobile and light commercial vehicle market increased by 14.9 percent annually to 65,222. While automobile sales increased by 17.1 percent annually to 47,440 in October, the light commercial vehicle market increased by 9.5 percent to 17,782 units. In the first 10 months of the year, the automobile and light commercial vehicle market decreased by 4.7 percent annually to 585,752 units. In the first 10 months, automobiles decreased by 6 percent and the light commercial vehicle market decreased by 0.4 percent.