Car Sales Relatively Stagnant
A 7.6 million annual rate for domestic made car sales was reported in February. In January the number was 7.9 million, in December 8.4 million. It’s not unusual for car sales to decrease in the later winter months as consumers retreat from the car lots in poor weather. GM’s sales actually increased by 12%. GM attributed the rise to doubling their sales to fleet operators and demand for newer crossovers, like their Chevy Equinox. Surprisingly, Toyota also posted an increase in sales moving from 69,691 domestic units in January to 100,027 in February. Apparently, the American consumer isn’t especially phased by Toyota’s mishap. For once, in Oz, things make more sense…
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