US car sales below 10 million despite disconts

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Annualized US car sales slipped below 10 million last month in spite of steep discounts offered by carmakers and government efforts to ease lending.

From Financial Times

GM said it estimated the overall annualized selling rate for cars at 9.8 million in the US in January, less than China's estimated selling rate of 10.7 million last month.

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Tags: auto, autos, car sales.automobile sales, china, gm