Cars Sit for Sale at a Dealership in Santa Ana

Cars Sit for Sale at a Dealership in Santa Ana

Patrick T. Fallon/Bloomberg

Aided by low interest rates, the U.S. auto industry has been one of the bright spots of the economic recovery. Vehicle sales rose 11 percent to 1.61 million in May, bringing the annualized pace to 16.8 million, the most since February 2007, according to researcher Autodata Corp.