Economics

Toyota’s Gain Paces U.S. to Best Sales Rate Since March 2008

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Toyota Motor Corp. led major automakers with the biggest gain in September deliveries in the U.S., where sales ran at the fastest rate in four years as buyers took advantage of cheap financing for cars and trucks.

Toyota sales surged 42 percent in September, topping the 36 percent gain that was the average estimate of eight analysts surveyed by Bloomberg, even as it cut incentive spending by the most. Chrysler Group LLC and Honda Motor Co. also beat estimates, as the recovery of the U.S. auto industry continued to bolster the nation’s economy.