U.S. auto sales are still in high gear.
The world's major car makers reported strong November sales figures on Tuesday, with most companies beating analyst expectations.
General Motors ( led the way once again with 212,060 vehicles sold, up 14% versus 2012 for its best November in six years. )
Ford ( sales rose 7% to 190,449, while Chysler's rose 16% to 142,275. )Toyota ( came in at 178,044, up 6%, while Nissan sales rose 11% to 106,528. )
Sales to individual buyers were particularly strong, a good sign for automakers. Individual sales typically come at higher prices than those to fleets, such as rental car companies.
Overall sales are projected to come in at a seasonally adjusted annual rate of 16.4 million, according to industry tracker Kelley Blue Book, which would be the highest since February 2007. The industry sales rate pushed past the 16-million mark back in August for the first time since the financial crisis hit.
"In the face of declining consumer confidence, a drop in residential construction and mediocre overall retail sales, the auto industry continued on a sweltering sales pace in November," Kelley Blue Book analyst Jack Nerad said.
Analysts pointed to low gas prices, access to credit, pent-up demand and the apparent success of Black Friday promotions from retailers as contributors to the industry's performance.
Incentive spending remained above $2,500 a vehicle on average, though that was down 2% since last year and at the lowest level since January.