Article posted: 1/20/2013 6:47 AM

What you can expect from auto industry in 2013

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The Bayerische Motoren Werke AG (BMW) Mini John Cooper Works Paceman vehicle is displayed during the 2013 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Tuesday, Jan. 15, 2013. The Detroit auto show runs through Jan. 27 and will display over 500 vehicles, representing the most innovative designs in the world.

Bloomberg News

The Honda Motor Co. 2015 Acura NSX concept vehicle is displayed during the 2013 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Tuesday, Jan. 15, 2013. The Detroit auto show runs through Jan. 27 and will display over 500 vehicles, representing the most innovative designs in the world.

Bloomberg News

About this Article

Maybe it was the brand new, bright red Chevrolet Corvette gleaming in one corner, or the elegant BMW coupe in the other. Maybe it was just the free-flowing espresso at nearly every stand. But car companies were positively giddy this week as the North American International Auto Show opened in Detroit. They have reason to be. U.S. new car and truck sales reached a five-year high of 14.5 million in 2012, and many executives and analysts think they'll climb to 15.5 million this year.