U.S. light vehicle sales results in January alleviated fears of a slowdown by surging to a higher seasonally adjusted annual rate (SAAR) than any month during the record year of 1999, with volume soaring to a 17th consecutive increase over the same year-ago month. January light vehicle sales (see insert) totaled 1.202 million units for a daily selling rate (DSR) of 48,109, 10.3% higher than year-ago's DSR — 25 selling days both periods — despite winter storms during the month that caused a ...

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