The advent of war had little effect on U.S. auto sales in March. While the U.S.-Iraq conflict and the uncertainties that come with it appeared to negatively impact other retail markets, the so-called “CNN effect” – where consumers stay home to watch the war on TV – didn’t slow auto sales much. March checked in at a surprisingly high 16.2 million-unit seasonally adjusted annual rate. Although that was down from year-ago’s 16.7 million, it marked a significant rebound from ...
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