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Actionable news in XIV: VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN,

October auto sales rate: 18.2M, up from 16.6M a year ago

The auto sales rate in October came in at 18.2 million cars compared to 16.6 million a year ago, Autodata said Tuesday.

This is the first time since 2000 when the sales rate has been at more than 18 million vehicles over back-to-back months.

A Reuters poll of 45 economists showed expectations for a seasonally adjusted annualized sales rate of 17.7 million vehicles for October.

According to the Autodata report, total industry unit deliveries increased 13.6 percent compared to last October.

Bob Smith, executive director of...


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