Sales surge, imports slow in autos sector as parts shortages loom

Cons. Discr. - Autos 955 Japan 518 U.S. 4635 United Kingdom 284

U.S. auto sales surged 8.4% higher year over year in February on a jump in purchases of light trucks. Foreign built vehicle sales rose by 4.4%, reversing a 4.0% slide in the prior three months. U.S. seaborne imports of vehicles suggest that automakers may not expect that growth to continue with shipments in January and February down by 9.4% year over year. The slide was led by a 27.8% drop in shipments from Japan, including a dip in shipments linked to Nissan and Honda. Imports from the U.K. rose by 5.3% as a result of improved shipments by BMW. While shipments from South Korea have jump...

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