Did February’s auto sales results seem familiar? Expected? Predictable? Pretty much like any other in the past 30 months?
Yeah, me too.
Sales were good -- remarkably good by historical standards -- with a seasonally adjusted, annualized selling rate of 17.57 million. Just a tad off a strong month last February. A SAAR that matched 2016’s actual record sales. And exactly the same SAAR as January, right down to two decimal places.
ALG analyst Eric Lyman pegged the feeling earlier Wednesday: “It’s a bit like Groundhog Day -- we’ve seen this before.”
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