USA: Light truck sales in March were the highest for any month
Light truck sales in March rose by 11.3% over last year to 829,425 from 745,297. That is the highest total achieved in any month in the history of the sector. It makes a mockery of all of the forecasts that predict that the sector is about to turn downwards almost immediately and it calls for revisions of all expectations. The only note of caution should be that stock market activities over the past week have shown what many have known – that the US market is overheated – and the warning signs are there that there might be more than just a return to sensibility on the cards, there could be a total collapse. But until that happens, it has to be accepted that sales for the first three months of the year were 12.4% above last year’s record-breaking levels at 2,143,856 from 1,907,661.
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