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Friday, September 02, 2011

Car Sales Rise - Against All Odds


NEW YORK (CNNMoney) -- Consumers shrugged off a slowing economy, plunging stock markets and even a hurricane to keep buying cars at a decent clip in August.

Industrywide sales were up 7.5% from a year ago in August. And the pace of August sales works out to an annual rate of 12.1 million, off only slightly from the July's 12.2 million pace.

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