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Why car sales are strong in the US

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In this March 3, 2012 photo, a lift brings a Volkswagen Beetle from a tower at the Autostadt in Wolfsburg, Germany. A steadily improving economy and strong December sales lifted the American auto industry to its best performance in five years in 2012, especially for Volkswagen and Japanese-brand vehicles, and experts say the next year should be even better. AP PHOTO/DAPD, DAVID HECKER

It’s not quite boom times for the US auto industry. But it’s getting there. Sales of new cars and trucks came in at 14.5 million for 2012, up from 12.8 million in 2011. Cheap loans, a host of new cars and greater confidence in the economy are drawing buyers into showrooms.

Posted: January 4th, 2013 in Latest Business Stories | Read More »

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