Sales of new vehicles in the U.S. continued to rise in February, albeit at a slower pace than a year earlier, as the prospect of job cuts and tax hikes amid budget wrangling in Washington appeared to damp car buying at month's end.
U.S. auto sales rose 3.7% to 1.2 million. The rate of sales, adjusted for seasonal fluctuations, equates to a full year of sales of 15.38 million, according to Autodata Corp.
Auto sales have been one of the most consistently positive economic indicators over the past three years, rising steadily from a historic bottoming in 2009.
Source
Wall Street Journal