U.S. light-vehicle sales took the expected precipitous fall in January from December but still managed to come in a little stronger than forecast. January sales typically suffer a large volume drop from December, and as has been the case in recent years, a huge decline in the seasonally adjusted annual rate (SAAR) also is normal. But despite the stronger-than-forecast sales, the SAAR’s plunge was steeper than usual, with January falling to 16.2 million from December’s record 18.3 ...

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