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U.S. Auto Sales Top Projections as GM, Ford Beat Estimates

General Motors Co., Ford Motor Co. and Chrysler Group LLC reported U.S. auto sales for June that topped analysts’ estimates, helping the industry surpass projections and stay on pace for the best year since 2007.

U.S. auto sales accelerated to a 14.1 million seasonally adjusted annualized rate, researcher Autodata Corp. said in an e-mailed statement. The pace topped the 13.8 million light-vehicle rate that was the average estimate of 15 analysts surveyed by Bloomberg.