US: Car sales continue to rise

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US light vehicle sales continue to grow last month. Automakers delivered better than 1.4m cars and trucks, a 3.5% improvement over March 2012. This translated into a seasonally adjusted annualised rate (SAAR) of 15.27m sales, slightly below analysts' expectation of 15.4m, but more than 1m sales higher than the mark from last March. March 2013 was the fifth consecutive month the SAAR was above 15m.