U.S. auto sales may have run at the fastest pace this month since the 2009 “cash for clunkers” program as Toyota Motor Corp.’s incentives to counter global recalls spurred rivals to match the discounts.
Industrywide deliveries may have risen to an annualized rate of 12 million light vehicles, the average of eight analysts’ estimates compiled by Bloomberg. Toyota said yesterday its sales climbed as much as 35 percent.
Full story: Auto Sales May Reach Most Since ‘Clunkers’ on Toyota