Auto Sales Hit 4-Year High In September

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"Auto Sales Hit 4-Year High In September"

A total of 1.19 million automobiles were sold in September, a 13 percent increase from a year ago and the highest point in four years, the New York Times reports. Sales across the industry are up 14.5 percent this year compared to the first nine months of 2011, bolstered by strong domestic performances from foreign manufacturers like Toyota and Honda. General Motors sales were up 1.5 percent, and the company posted its best September sales number since 2008. Chrysler sales were up 14.5 percent for the month, making September the company’s 30th consecutive month of year-over-year sales gains. Unlike Wall Street bankers who are raking in record profits, though, auto executives have refrained from whining about how badly they have it.

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