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Economic Indicator: Light Vehicle Sales Up at start of 2012

One of the first available indicators about the U.S. economy in 2012 is the measure of retail sales of light vehicles and the news is good: January saw new sales just under 14.2 million (at an annual rate), up from 13.6 in December 2011. This is highest monthly level since May 2008 (even higher than the August 2009 spike, or as I like to call it “Mount Cash-for-Clunkers”).

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