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Chicago Fed Letter, No. 191a, July 2003
Vehicle Sales in 2003: A Good Down-year (Special Issue)
Although 2002 was a difficult year for the U.S. economy, light vehicle sales ended the year stronger than expected at 16.7 million units. The consensus forecast is for sales to slow to 16.3 million units in 2003 and rise to 16.7 million units in 2004. This would make 1999–2004 the six strongest sales years in auto industry history.


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