
The reports may show a seasonally adjusted annual sales pace of about 17.2 million cars and light trucks according to a survey, that's down from a 17.9 million rate in July which was the highest of the year. Incentives were lower than in July, when General Motors Co. offered 20% cash back on several Chevrolet models. Car makers are not chasing sales, this practice has helped GM and Chrysler to restructure through bankruptcy, back in 2009. Transaction prices are at a record high as buyers opt for bigger vehicles with nicer interiors, electronics and driver-assist features. This discipline is gonna help the auto industry to stay profitable since it's backed up by: low unemployment, available credit, high quality valuations, cheap gasoline.
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