In the best showing in months , sales of new cars, trucks and crossovers climbed to an annualized rate of 13.5 million during November as virtually all the domestic, Asian and European brands posted double-digit sales increases .
In fact, several makers – including both Audi and Hyundai – announced all-time records for November.
But the impact of the strong monthly showing is being felt well beyond the auto industry. Following a solid October, when sales were driven by so-called pent-up demand, many analysts feared the November numbers would slide along with the rest of the economy. But the strong showing in the automotive market suggests there’s more life to the overall economy than many had anticipated.