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If The Economy's Doing So Poorly, Why Haven't Auto Sales Tanked?(A)
By Donald H. Gold
Investor's Business Daily
Even as plenty of signs of a sharp slowdown in the economy have come to light, one key sector showed such surprising strength in February that many analysts were forced to rethink everything.
Auto and truck sales in February rose 2.1% from January, to an annual rate of 14.5 million units. Analysts will comb March's auto sales data, due out Monday, for signs the slowdown is getting worse.
And it wasn't a one-month fluke. The big demand came on the heels of a strong January: a fat 14.2 million cars and trucks were sold.
Most analysts expect only a slight drop, if any, in March.
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