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November Car Sales Could Be Best Since Mid-’09

Market keeps gaining momentum.

by on Nov.29, 2011

Increased availability of Japanese products, like this 2012 Toyota Camry, appear to have helped build November sales momentum.

The U.S. economy looks like it got a lift in November from new vehicle sales – which continue gaining momentum despite earlier concerns that the automotive market would cool down after a hot October.

Sales of new cars in November have climbed to a level last seen more than two years ago when the government’s “Cash for Clunkers” was in full swing, according to analysts who follow sales trends. Full results for the month are due December 1.

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“We’ve seen six straight months of year-over-year gains for new vehicle sales, which shows positive momentum for the auto industry,” said Jesse Toprak, vice president of Industry Trends and Insights for the automotive website TrueCar.com.

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