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Automakers post big July sales amid growing consumer confidence
Automakers post big July sales amid growing consumer confidence

Automakers posted one of their best months in years in July. The car companies sold more than 1.4 million vehicles last month, a 9.1% gain from the same month a year earlier, according to AutoData Corp. Most of the big automakers posted increases near 10% or better. Honda was the only major manufacturer to buck the trend with sales falling 3.9%. The industry is on track to sell about 16.5 million vehicles this year, which would be the best showing since 2006. The improving economy is behind the strength in the auto market, economists and automakers said. "American families feel better about the economy than they have in a long time," said Kurt McNeil, General Motors'...

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