Millennials Join Confident Consumers Snapping Up Autos in U.S.

Surprising U.S. sales gains from the Detroit Three and top Japanese automakers provide another sign that the American consumer is back and ready to spend.

With the six biggest sellers of autos in the U.S. all increasing volumes and beating estimates last month, the industry is flirting with sales levels not seen in 10 years or more. Americans are buying pricey sport utility vehicles and pickups with luxury cabins, adding to the economy’s momentum as gasoline and financing are both relatively affordable.