GM to Toyota Beat Estimates as U.S. Sales Rise to Most Since ’07
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The pace of the comeback in U.S. auto sales exceeded already rosy estimates in August, with a total surpassing any month in more than six years and a sales rate that was the fastest since 2007.
The superlatives rolled out throughout the day: General Motors Co. had its best month since 2008 and Ford Motor Co. its best month of retail sales since 2006. Toyota Motor Corp. deliveries surged 23 percent, while Honda Motor Co. and Nissan Motor Co. each had their best August ever. Chrysler Group LLC sales rose for the 41st straight month.