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April autos sell at a pace of 17.4M
Detroit automakers reported another month of strong demand from U.S. consumers for trucks and sport utility vehicles on Tuesday, but their shares dropped as analysts focused on signs the world's second largest auto market has little room to grow. April autos sold at a pace of 17.4 million vehicles, according to Autodata. But shares of U.S. car makers Ford and GM were about 1 percent lower Tuesday after General Motors posted a decline in U.S. sales, while rival Ford saw sales increase. General Motors' total sales fell 3.5 percent to 259,557 vehicles as daily rental sales declined, despite growing retail sales of the ... (full story)