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Cars Blog

Sales of new cars, trucks continue to fall

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February 19, 2009 12:18 pm
By Peter C. T. Elsworth

Sales of new cars and trucks this month are collapsing almost too fast to track.
The February sales pace through the first half of the month appears to be at an annualized rate of fewer than 9 million, according to The Associated Press.

"Data collected from dealers suggests sub-9 million SAAR for February," says Jeff Schuster, forecasting chief for auto consultant J.D. Power and Associates. SAAR stands for seasonally adjusted annual rate, or total new vehicles sales if that month's pace held for a year.


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