Auto industry
October's sales pace slips as prices set a record
The seasonally adjusted selling rate fell to 15.5 million in October, below Cox's 16.1 million forecast and September's 16 million. Raw volume rose 2.9% to 1.32 million, helped by one more selling day than a year ago. Retail sales rose only 0.6% while fleet climbed 5.7%, so retail's share slipped to 81.5% from 83.2%. Cox also says the average transaction price topped $51,000 for the first time, up 2.1% from a year earlier; its full Kelley Blue Book report is still to come, per Cox Automotive. With retail barely growing and prices at a high, payment-sensitive buyers may need more help at the desk.
Sources: Link
The other stories from Tuesday, November 10, 2026.
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Used supply hits a post-pandemic high
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Car-Mart's lenders extend relief to Nov. 12
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Cox's economist sees the Fed leaning toward higher rates
Cox's chief economist, Jeremy Robb, sees a path back to rate hikes, citing a firmer job market and inflation near 4%. That is Cox's forecast, not a Fed decision.
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Q3 household debt report arrives this morning
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