The U.S. Car Sales Hits a Five-Year Record High with 13% Annual Growth Rate

Due to economic recovery, increasing consumers' pruchase, and car makers releasing new cars in respnose to the car replacement trend, the U.S. 2012 new car sales has hit the highest record since 2008's financial depression. Specifically, Japanese car plants and Germany Volkswagen outstand the industry.

According to the data of AutoData, the U.S. 2012 new car sales total 14.49 million vehicles, which is a 13.4% growth compared to 2011, setting a 5-year record high.