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U.S. auto sales in 2012 best in five years
Jan 4th 2013, 09:19

DETROIT - Strong U.S. sales in December capped a remarkable year for the auto industry - especially Japanese brands - and 2013 should be even better. Sales of new cars and trucks are expected to total 14.5 million after all carmakers announce figures on Thursday. That is 13 percent better than 2011 and the best performance in five years. In 2012, Americans had plenty of incentive to buy new cars and trucks. Unemployment eased. Home sales and prices rose. And the average age of a car topped 11 years in the U.S., a record that spurred people to trade in. Banks made that easier by...

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