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US auto sales post fastest pace since 2003

by ChemOrbis Editorial Team -
  • 03/12/2014 (11:49)
US auto sales posted their fastest pace since 2003 in November, according to data by Autodata Corp. The country’s auto sales reached an annualized rate of 17.2 million vehicles in November, beating initial estimates which called for around 16.7 million units in a survey by Thomson Reuters. The increase was attributed to a stronger economy, significant discounts from dealers and lower fuel prices.

In November, the country’s largest automakers-General Motors, the Chrysler Group, Toyota Motor and Honda Motor sold more cars than expected while Ford Motor and Nissan Motor posted modest decreases.

General Motors’ sales rose 6.5% to reach 225,818 units and the Chrysler Group’s sales were up 20.1% to 170,839 vehicles in November. Toyota’s November sales also increased 3% to reach 183,343 units while Honda reported an increase of around 9% percent to 121,814 vehicles last month.

Nissan and Ford, on the other hand, reported 3% and 2% decreases, respectively, in November. Nissan Motor’s sales reached 103,188 units while Ford’s sales declined to 186,334 units.
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