Surge in car sales spurs economy
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The final snapshot of the economy before Election Day showed yesterday that growth picked up to a 3.7 percent pace this summer, fired by a consumer spending splurge on cars and sport utility vehicles.
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The economy grew at its strongest pace in more than a year during the spring as international trade and business investment helped offset weakness in housing, the government said.
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The economy revved up its engine in the third quarter and advanced at an annual rate of 4 percent --  even faster than previously thought.
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French industrial output soared in September as the car sector bounced back from a summer slowdown, figures show.
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Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace this decade.
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Passenger vehicle sales should  strengthen nearly 20 percent by the end of the decade to about  70 million vehicles annually, spurred by growth not only in  developing markets but in the United States and Europe, the  chief executive of BMW AG BMWG.DE said on Monday.
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Daimler&#39;s sales rose 4.7% to 188,492 vehicles from 185,535 a year ago. Year-to-date, sales were up 3% to 1.8 million, while US sales at its Mercedes-Benz unit slipped to 18,323 from 19,273.
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Auto retailer Carmax Inc.  reported record third-quarter sales on Monday and said used-car sales had strengthened considerably since the spring and summer.
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The economy grew at an annual rate of 3.7 percent this summer as a big rebound in auto sales offset weakness from an exploding trade deficit, soaring oil
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Robust consumer spending on cars, furniture and food helped the U.S. economy advance faster than first thought in the third quarter, a government report showed, while underlying inflation was the tamest in decades.
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The best used cars offer more value than ever.
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Japanese auto stocks such as Toyota Motor Corp. rose after a US government report showed retail sales gained more than expected last month, with spending on vehicles recording the biggest increase in three years.
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During much of Germany&#39;s postwar economic boom, as prosperity mounted and car sales multiplied, workers at the Opel automobile factory here
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WASHINGTON -- The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing.
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The economy revved up its engine in the third quarter and advanced at an annual rate of 4 percent -- faster than expected. The reading on gross domestic product, released Wednesday by the Commerce Department
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A burst of activity has broken out in 2007, sending prices higher despite sluggish sales in many other cities.
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The expansion unexpectedly accelerated last month to the highest level in more than a year, a sign the economy is strengthening.