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You know times are tough for automakers when it’s good news that year-to-year retail sales of new vehicles are down a mere 36 percent.
That’s the latest reading of the market from J.D. Power and Associates, based on the first 14 days of this month. The research firm points to such data as an indication that “the rate of decline in new-vehicle retail sales has slowed in May.” And, indeed, unit sales were actually up 9 percent from those of the previous month.
Still,
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