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Despite the auto industry's lament that it's stuck with tons of unsold cars, it turns out Americans are slowly starting to buy more vehicles and are putting down bigger dollar amounts than they used to, causing a surge in revenues.
In fact, TrueCar, a website that connects buyers with dealers, says the money brought in from car sales has shot up by 61 percent since 2009. This year alone Americans are set to buy 6 percent more cars than they did in 2013, making it the biggest year for car buying since 2006, BloombergBusinessweek reported.
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