Analysis With much of the industry boosting incentive spending, the U.S. auto industry recorded its highest seasonally adjusted annualized rate of sales since August 2009, the peak of the government-sponsored “Cash-for-Clunkers” scrappage program. Auto makers delivered 989,808 cars and light trucks in February, a 27.2% increase over same-month year-ago. Both months had 24 selling days. The jump came as many auto makers followed General Motors’ January lead in aggressive incentive ...

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