NEW YORK TIMES: …According to Autodata, 1.45 million vehicles were sold during the month, a 3.4 percent improvement over last year, as a strengthening housing market and low interest rates spurred consumers and businesses to replace aging models…
“Even though consumer confidence has been up and down this year, there are ‘wealth effects’ that are making Americans feel comfortable finally buying new cars they’ve been waiting for,” said Lacey Plache, an economist for the auto research site Edmunds.com…
While sales of its biggest brand, Chevrolet, were flat, G.M. said sales of its Cadillac brand increased almost 50 percent and Buick sales rose 37 percent… (more)
