February 4, 2025
Unit car and truck sales sank 7.5% in January to 15,603 thousand after having risen 1.3% in December and 3.4% in November. Car sales picked up in the last few months of 2024 but clearly got whacked in January. The bitter cold weather throughout much of the country almost certainly played a roll in the slowdown.
GDP growth was 2.3% in the fourth quarter and we expect 3.0% growth in 2025.
Stephen Slifer
NumberNomics
Charleston, SC
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