Following the trend from recent months, car sales saw a great boost compared to the past few years, marking (hopefully) a true end to the economic woes that the industry had only a few short years ago.
Automakers turned in their best August since before the 2007-09 recession, with U.S. monthly auto sales rising 20 percent from a year ago as consumers with aging vehicles showed more confidence in buying big-ticket items on easier credit terms.
Big sales gains were achieved by Japan's Toyota Motor Corp and Honda Motor Co, which continued to recover after last year's earthquake and tsunami.
All three Detroit automakers increased August sales more than analysts had expected. Continue Reading
