US Auto Sales Jump 11% Y/Y

Auto industry sales jump about 11% over 2009’s recession-depressed levels, according to preliminary figures. General Motors (GM) and Ford (F) say their December sales continued the trend, rising 15.5% and 6.7%, respectively. Americans purchased about 11.5 million vehicles last year, about an 11% increase from 2009, according to preliminary reports from automakers Tuesday and analysts estimates. – LA Times