US car firms beat estimates with sales near 10-year-high as economy improves
Momentum will continue as consumers trade in old vehicles with employment getting better, say analysts
Wed, Aug 05, 2015 - 5:50 AM
Deliveries totalled 1.51 million cars and light trucks last month, according to Autodata, topping the 1.48 million average analyst prediction. The selling pace accelerated to 17.6 million from 16.5 million a year earlier, it said.
SURPRISING US sales gains from the Detroit Three and top Japanese automakers provide another sign that the American consumer is back and ready to spend.
With the six biggest sellers of autos in the US all increasing volumes and beating estimates last month, the...