US Auto Sales Jump Nearly 10 Percent in October

The increase in sales came amid elevated vehicle prices and high interest rates.

New Hyundai cars on the sales lot of a dealership in San Leandro, Calif., on May 30, 2023. Justin Sullivan/Getty Images

Auto sales volume rose by almost double digits this month in the United States, with inventories breaching the 3 million unit level for the first time, according to S&P Global Mobility.

In October, 1.3 million units of light vehicles—passenger cars and light trucks—are estimated to have been sold, up by 9.75 percent from the same month last year, the firm said in an Oct. 29 statement.