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Ford, GM, Chrysler and Nissan all reported double-digit U.S. sales increases, signaling the best April for car and truck sales in six years. Car sales have risen steadily this year after reaching a five-year high in 2012. American consumers have shown surprising resilience this year, even after an increase in Social Security taxes has lowered their take-home pay. Many economists say a better job market, cheaper gasoline and sustained gains in housing has helped offset the pinch from the tax increase. The overall economy grew at an annual rate of 2.5 percent in the January-March quarter, buoyed by the fastest rise in consumer spending in more than two years. And Americans boosted their spending at retailers in April, from cars and clothes to electronics and appliances. That raised hopes that consumer spending during the April-June quarter got off to a good start. Most economists expect economic growth has weakened in the second quarter. But after seeing the more upbeat retail sales figures for April, some analysts raised their forecasts. Analysts at JPMorgan now predict growth will slow to a 2 percent rate, up from their previous forecast of 1.5 percent
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