US Light Vehicle Sales Drop 3.5% in Feb

US Light Vehicle sales dropped 3.5% from January to a seasonally adjusted annual rate (SAAR) of 10.million vehicles. On an year over year basis, the no. however jumped 13.4%. The year over year comparison is easier as Feb'09 sales stood at an all time low of 9.17 million SAAR.

This is still however a very strong report, given the record snow storms we had in the northeast this month.