Diesel popularity revs car sales
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Sales of new cars rose 2.5% last year to 2.4 million units, driven by diesel models, says the main trade body.
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DetroitÂs big rebates and interest-free financing deals have strengthened car sales for the last three years. But they have also eroded the resale value of many American automotive brands.
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Gas prices around $3 a gallon have pushed people away from the truck-based sport utility vehicle category and instead are buying cars
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DETROIT -- Ford Motor Co. reported Friday that its U.S. auto sales dropped 9.7 percent compared with the same period a year ago as both truck and car sales lost ground. DaimlerChrysler AG said sales rose 4.7 percent.
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The pace of activity around a possible  sale of DaimlerChrysler AG&#39;S (DCXGn.DE) Chrysler Group is  accelerating, after several potential buyers met with  management before presenting preliminary offers by the end of  the month, The Wall Street Journal reported.
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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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U.S. car and truck sales likely slowed  in October from incentive-driven, surprisingly strong levels in  September, and Detroit automakers look set to take most of the  fall.
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Demand for passenger cars amid high gas prices drove U.S. sales increases in May for General Motors Corp., Toyota Motor Corp. and Nissan Motor Co. as industrywide sales rebounded slightly from a weak spring.
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Car manufacturers with plants in South Africa, including BMW, Toyota and VW, have seen a surge in sales during 2004.
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DaimlerChrysler AG's commercial vehicles division sold nearly 30 percent more trucks and buses through November 2004 than in all of last year, the German-American automaker said Thursday.
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Toyota Motor Co  emerged as the surprise beneficiary of a rebound in U.S. sales of trucks and SUVs in September, posting an industry-leading 20-percent gain in vehicle sales.
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DETROIT -- New car and truck sales rose more than two per cent during the first 10 months of 2004, but many of the companies that supply parts to the big automakers have little to celebrate -- their profits are shrinking as raw materials costs rise and
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Strong sales of Mercedes models in the US last month helps offset a decline in German demand as VAT rises.
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DaimlerChrysler AG said on Sunday that its global car sales for 2004 rose 2.1 percent to 3.9 million units.
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General Motors reports a 4% rise in US car sales in August, its first rise in seven months, thanks to heavy discounts attracting customers.
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General Motors Corp said its September sales jumped 25per cent, boosted by strong demand for its pick-ups and sport-utility vehicles.
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Consumers shrugged off higher gasoline prices and weaker economic conditions to lift new car and truck sales up 2.2 percent in October.