U.S. Auto Sales Continued to Drop in February

Ford Motor Co.'s George Pipas, sales analysis manager for the U.S., estimated that the industry's total sales, including medium and heavy-duty trucks, dropped by 42% last month , the February yearly change, vs. February 2008, totaling about 690,000 units. No surprisingly, the car sales drops confirm that the U.S. Contraction is Accelerating.

However, after overtaking the United States in January auto sales for the first time, China extended its lead as the world's largest auto market in the second straight month this year.
China's February auto sales figure is very impressive. It seems that the new incentives are really having an impact on the market. The policies introduced earlier this year include the scrapping of some road fees and halving of sales taxes on small vehicles.





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