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U.S. auto sales at 10-year high

General Views Ahead Of Domestic Vehicle Sales FiguresGeneral Views Ahead Of Domestic Vehicle Sales Figures
A line of Ford Focus vehicles sit on display at the Uftring Automall in East Peoria, Illinois, U.S.Photograph by Bloomberg via Getty Images

U.S. auto sales rose to a seasonally adjusted annual rate of 18.2 million in September–the highest in more than 10 years, according to Bloomberg.

A combination of Labor Day, low oil prices and low oil prices created high demand. It doesn’t hurt that economists expect that September boasted solid job growth. General Motors, Ford Motor, and Nissan Motor all beat analysts’ expectations for the month.

GM’s sales rose 12.5% in September from the previous year to more than 250,000 cars. Fiat Chrysler reported a 14% increase year-over-year, and Ford saw its sales increase 23% since the previous year, according to the Wall Street Journal.

Even Volkswagen enjoyed a small sales gain of 0.6%, despite being embroiled in a scandal over its emissions.