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The Boston Globe

Business

US auto industry back in the fast lane

DETROIT - The US auto industry’s recovery has moved into the fast lane. With gas prices at nearly $4, smaller cars like the Ford Focus, Nissan Versa, and Fiat 500 flew off dealer lots in March, giving carmakers their best monthly sales in almost five years.

Larger vehicles sold well, too, offering more evidence of growing confidence in the economic recovery. Small businesses, farmers, and others took advantage of big promotions to buy pickups.

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