Around the Net
U.S. Auto Industry Generates Record Revenue
- Detroit Bureau, Monday, December 22, 2014 9:51 AM
Combined new and used auto sales are likely to reach a record $1.1 trillion in the U.S. this year, and that figure could double by decade’s end, according to various industry studies. In all, Americans will have purchased 54 million new and “previously owned” cars, trucks and crossovers, reports data service TrueCar. Automakers have been able to boost prices because of demand driven by sustained economic expansion and falling gas prices.
