The auto industry is on course to have its best U.S. car sales year since 2007.
In the first nine months of the year, automakers sold 10.9 million vehicles in the U.S. Industry analysts expect 2012 sales of around 14.4 million.
September sales were up 12.8 percent from the same month a year ago, as buyers continued to snap up small cars.
Jessica Caldwell, senior analyst at Edmunds.com, believes sales will continue at a strong pace as shoppers replace aging vehicles and as credit remains widely available and fairly cheap.
"Pent-up demand, it's still being played out," she said.
Chrysler Group LLC continued its run to recovery. Its sales were up 11.5 percent from last September, beating analysts' forecasts.
Source
The Detroit News