News Summary: Detroit, Toyota see US sales jump

AP News
Posted: Feb 01, 2013 4:42 PM

JANUARY JUMP: U.S. auto sales rose 14 percent to more than 1 million in January. It was the best January for the industry since 2008. Buyers who held on to their cars during the recession are coming back to the market, lured by low interest rates and looser credit terms.

TOP OF THE HEAP: Toyota's sales jumped 27 percent, while Ford was up 22 percent. Nissan, Volkswagen and Hyundai all saw smaller increases.

DRIVE ON: Analysts think U.S. sales will reach 15 million to 15.5 million this year, up from 14.5 million in 2012.