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US auto sales reach fastest pace in almost ten years this May

2015-06-03 11:03:05| Auto Dealers - Topix.net

While other economic indicators are showing signs of fatigue, US auto sales in May - with the country being the world's second largest auto market - raced to their strongest pace in almost a decade thanks to cheap loans and affordable gasoline. According to researcher Autodata Corp., the automotive market in May rushed past analyst predictions for a 1.1 percent slide in demand and inched up by 1.6 percent to 1.64 million units.

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