A large drop in sales and market share at General Motors Corp. from a year ago caused U.S. light-vehicle sales in February to come in slightly below expectations, at a 16.3 million seasonally adjusted annual rate (SAAR). Stronger incentives than January at GM and Ford Motor Co. were expected to be the impetus for February’s SAAR to rise more than it did from the prior month’s 16.2 million. However, GM’s fleet sales – which in January had been strong enough to lead it to a 1.1% gain from ...
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