It's that time again when the big carmakers report their monthly sales numbers.
Throughout Tuesday, US auto sales data for October will roll in, on the heels of the fastest pace for sales in 10 years last month.
US auto sales rose to an annualized pace of 18.2 million vehicles in September.
The consensus forecast for October is an annualized pace of 17.7 million.
The strength of auto sales reflects the continued strength of consumer spending that has sustained US economic growth this year.
In a preview to clients, Wells Fargo's Sam Bullard wrote, "While we anticipate a pullback in the pace of sales in October, we expect motor vehicle sales activity will remain a primary contributor to overall consumer spending growth in Q4, boosted by solid income growth, elevated consumer confidence and attractive consumer financing."
Shannon Stapleton/Reuters Cars sit covered in snow at a dealership in New York.
- Fiat Chrysler: +15% (+13% expected)
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