US auto sales hit fastest pace since January 2008

US auto sales posted their fastest clip since January 2008 amid an improving economic outlook and demand for replacement vehicles following the devastating Hurricane Sandy.

Total industry sales in November were up 15 per cent from a year earlier and came in at an adjusted, annualized rate of 15.5 million vehicles, according to Autodata.

Honda led the pack with a 39 per cent gain that drove its best ever November results. Rivals Chrysler, Ford and GM managed to post their best Novembers in years with more modest but still solid growth.

via Business feed http://www.scmp.com/business/economy/article/1097238/us-auto-sales-hit-fastest-pace-january-2008