US Car Sales jump to near Six Year high

US car sales surged close to a six-year high in August as consumers grew more confident about an economic recovery.

Sales jumped 17% from a year ago to 1.5 million vehicles. That translates to sales of some 16 million a year.

Japan’s carmakers Toyota, Honda and Nissan all increased sales by more than 20%. The US’s Ford, General Motors and Chrysler also saw double-digit growth.

US economic growth has been picking up pace indicating the world’s largest economy may be getting back on track.

BBC

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Stuart McPhee

Stuart McPhee

Senior Currency Technical Analyst at Market Pulse
Stuart McPhee has nearly 20 years’ experience as a private trader and he specializes in technical market analysis of major currency pairs. He is the author of several bestselling trading books, most recently the fourth edition of his popular book “Trading in a Nutshell” (John Wiley), and he contributes articles to daily newsletters and blogs. He produces articles and videos on the how-tos of technical trading. Living in Melbourne, Australia, Stuart speaks at conferences and events worldwide.
Stuart McPhee