Car sales in America reach six year high
Motorists and car insurance policy holders in America bought more cars in April 2013 than they have in any month in the past six years, prompting hopes that the country is now on track for a full economic recovery. 1.5 million vehicles were sold in the States in August – up by 17 per cent from the previous year – and all three US domestic carmakers have reported double-digit domestic sales increases in the month of August. America is the world’s second largest market for cars, but the sector has been badly affected by the financial crisis, with demand and consumer confidence dipping dramatically in recent years. But the rise in year-on-year car sales in the context of a general trend for upwards economic growth has made industry watchers optimistic.