UPDATE 1-US retail auto sales fall nearly 38 pct in Feb


DETROIT, Feb 26 (Reuters) - U.S. industrywide retail light-vehicle sales declined nearly 38 percent in the first 22 days of February, according J.D.Power and Associates, an influential industry tracking service. Total sales for are expected to come in at a seasonally adjusted annualized rate of 9.1 million units. The forecasting firm also said it now expects U.S. light vehicle sales to drop to a 27-year low of 10.4 million vehicles this year, compared with its earlier forecast of 11.4 ...

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