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Pickups Drive U S Auto Sales Surge In August
Strong pickup demand pushed U S auto sales higher in August with GM up 10 percent Ford 13 percent and Chrysler 14 percent Analysts predict about a 20 percent year over year rise as dealers cleared model year closeouts and offered low interest financing The surge reflected a recovering housing market with Ford F Series and Ram up 19 percent and Chevrolet Silverado GMC Sierra among the best selling pickups Inflation and aging vehicles cited by GM economist Yingzi Su as reasons for renewed purchases
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Yingzi Su