U.S. auto sales showed surprising strength in March, thanks in part to sales to rental companies and other businesses and ongoing demand for vehicles despite rising interest rates and auto prices.
March’s seasonally adjusted annual rate, or SAAR, was 14.8 million vehicles, Cox Automotive said this week. That’s down from 16 million in January and 15 million in February, Cox said.
Quarterly sales results for General Motors Co. GM and Ford Motor Co. F were lifted by truck and…
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