Auto sales rose in May, helped by stronger consumer confidence and a rebound in home sales and construction.
General Motors Co., the nation’s largest automaker, said its U.S. sales rose 3.1% in May to 252,894 vehicles compared with the same month a year earlier. It was the company’s best month since September 2008.
“The gradual recovery in the economy is becoming more broad-based,” said Kurt McNeil, vice president of U.S. sales operations.
Most of GM’s gain came from increased sales at its Cadillac luxury brand, which has introduced several new models over the past year and is now growing at its fastest rate in decades.
Source
Los Angeles Times