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Auto sales on a tear

This chart uses preliminary data from Automotive News (HT: reader Unknown) for February auto sales, which have posted a very impressive 13% increase year over year. From the depths of the recession in 2009, sales have surged by over 60%. That is a very impressive recovery, and augurs well for continued signs of recovery—however modest—in the months ahead.

UPDATE: The official figures from Commerce put February auto sales at 15.03 million. That represents a 12.3 year over year increase. Domestic vehicle sales rose 14.5% year over year. I've corrected the chart from the original post. The recovery is still very impressive; gains like this are almost certain to "trickle down" into a variety of different industries in the months to come as production schedules are ramped up.

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