Auto sales in U.S. strong

Auto sales in U.S. strong
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POSTED: Thursday, September 5, 2013 - 8:31am

UPDATED: Monday, November 18, 2013 - 10:21am

Auto sales in the United States are bouncing back stronger than ever. GM, Ford, and Chrysler group all reported double-digit increases in August. Japanese rivals Toyota and Nissan also reported large sales gains.

Overall sales came in at a seasonally adjusted annual rate of 16.1 million which is up from 14-point-5-million a year ago, that's according to industry tracker Autodata.

It marks the first time the industry has passed the 16-million mark since before the recession started in late 2007.

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