Seasonally Adjusted Annual Sales Rate hits 17 million for the first time since 2007, as customers ignore recall news.
Americans are buying new cars again. New-car sales in July were at their highest levels since 2006, according to Edmunds.com. And a lot of new car buyers are noticing a lot has changed since they last walked into a car showroom.
Toyota has widened its global sales lead over General Motors because its factories have recovered from last year’s earthquake.
More car buyers have been turning to low-mileage used cars rather than investing in brand new hybrid or electric models to try and beat high gas prices.