Light truck sales still setting records (USA)
Light truck sales set a new record for the month when they jumped by 7.0% in January to 583,082 from 544,978. That tends to make a mockery of our forecast which is for a sales decline in 2000, but we are not yet prepared to change our minds about sales dropping to 7.7 million this year and then easing back to 7.8 million in 2001. The reason that we are standing by our figures is that the sector is clearly being manufacturer driven, and that rarely spells out sustained improvements. True there have been occasions when the feel-good factor has been so forcibly thrust upon a population that eventually they believe it and take up the reins themselves, but we don’t believe that will happen in this case.
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