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News Summary: US auto sales up 15 pct in November

Source : AP
Last Updated: Tue, Dec 04, 2012 00:00 hrs

: U.S. consumers bought 1.1 million cars and trucks in November, up 15 percent from a year earlier. It was the fastest sales pace since January 2008. Toyota, Honda, Nissan, Chrysler and Volkswagen all saw big increases.

BEHIND THE NUMBERS: Superstorm Sandy stoked demand, adding about 20,000 to 30,000 sales from people who couldn't buy during the October storm or needed to replace damaged cars. Low interest rates and improving consumer confidence also drove sales.

WHAT'S NEXT: There will be good deals on remaining 2012 models in December. GM may also ramp up incentives because of growing inventory.




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