In the month known for Black Friday sales events, the industry overall finished up 5 percent in November compared to the same month in 2013. The percentage growth, which was coupled with a seasonally adjusted annualized rate of 17.2 million, was highlighted by a 20 percent increase for Chrysler Group, marking another month of double-digit growth for the automaker on pace to increase sales by 14 percent in 2014.
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Starting on November 18 and running through November 20, the Los Angeles Auto Show will take over the LA Convention Center and let the press take a peek at what automakers have been doing. With almost every auto manufacturer bringing something to the table, there are more than 60 scheduled unveilings and at least 30 of which are global debuts.
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U.S. Auto Sales showed positive growth in October led by two automakers who have been no strangers to double-digit gains in 2014.
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Nissan, Toyota and Chrysler set the pace for the industry again in May, posting their second consecutive month of double digits gains. Aided by a five-weekend month, the industry overall posted its first double-digit gains in 2014 – an 11 percent year-over-year growth – pushing the seasonally adjusted annual rate (SAAR) to 16.5 million.
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