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U.S. auto sales maintain momentum despite rising fuel prices, budget cuts


U.S. auto sales in February remain strong despite rising fuel prices and the threat of new government spending cuts, according to analysts. LMC Automotive, the forecasting partner of J.D. Power and Associates, today projected a seasonally adjusted annualized sales rate of 15.2 million for February, based on the first 14 days of the month. LMC also raised its forecast for the ...
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