General Motors reported that auto sales increased 11% in November, with 169, 000 vehicles sold.
Did you hear that auto sales in China have exceeded the U.S. this spring?
Buick ExcelleChinese auto sales growth has slowed but still registered 10.9 percent year-over-year growth in June.
Also boosting sentiment on Wall Street, a strong auto sales number for the month of December.
But as auto sales boom in Brazil, so have the number of accidents and deaths.
Buoyed by cheap credit and an improving U.S. economy, auto sales are gaining momentum.
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Auto sales, which are also tied to the price of money, have improved in tandem.
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The recovery in auto sales is one more sign the U.S. economy is picking up.
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And U.S. auto sales rose to 1.45 million in March, their highest level since August 2007.
Sales growth exceeded the 1.5 percent growth in total worldwide auto sales, according to GM.
This follows encouraging economic news from increased auto sales to continued expansion of our manufacturing sector.
The last thing -- 12 months ago auto sales were at their lowest point since 1970.
The crowds at airports this summer and healthy auto sales attest to a strong economy.
Meanwhile, auto sales in Japan just dropped 23%, comparable with 1973s oil crisis low.
Further, analysts with Barclays Capital say there are signs of strength in Chinese auto sales.
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U.S. auto sales bottomed out in 2009, the year that GM and Chrysler declared bankruptcy.
In only 11 months of 2012, U.S. auto sales already topped all of 2011.
That was the lowest point for U.S. auto sales per capita since World War II.
But the finance side has more tiptoeing to do before auto sales come to the rescue.
That makes auto loans easier to get, which greases the skids for more U.S. auto sales.
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Despite the improvement, auto sales still have a lot of catching up to do.
Meanwhile, gas prices and consumer confidence are headwinds for higher auto sales, Nesvold said.
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Last year, sales grew only 1.6 percent even though total U.S. auto sales rose 13 percent.
The credit crunch, for instance, has hurt auto sales, so auto companies aren't building cars.
Auto sales rose in January and February after reaching a five-year high in 2012.
Despite a weak economic backdrop, auto sales in the U.S. came in strong for June.
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European auto sales have shriveled up amid economic uncertainty and the sovereign debt crisis.
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Yet, in February, even though auto sales fell 4.3%, total sales only gave back a small 0.1%.
Further, she said, the rise in U.S. auto sales probably comes from pent-up demand and inventory building.
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Prior to the economic collapse, new auto sales averaged about 16 million vehicles in the United States.
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