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DETROIT — Americans shrugged off fewer discounts and a scary stock-market plunge last month, snapping up new automobiles and delivering another month of higher sales for automakers.
The industry’s double-digit jump in sales shows that consumers feel the economy is healthy enough for them to buy a new car or truck. May marked the seventh straight month of year-over- year sales increases for the auto industry.
Ford, General Motors and Chrysler saw strong sales gains over the same month last year — a bleak month for the industry as GM headed into bankruptcy and Chrysler was already there. Most Asian and European-based automakers also posted big gains.
The Associated Press
