Defying predictions, new car sales aren't slowing down
U.S. consumers are on track to buy 1.3 million vehicles in August,
or 16% more than a year ago, according to forecasting firm LMC
Automotive and data from J.D. Power and Associates. That would translate
to a seasonally adjusted annual sales rate of 14.5 million, which would
be the strongest pace for any month this year.
This must be a good news for car dealers.The car's business is still growing and this news has come amidst of numerous new cars launching.
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