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US New Vehicle Sales In 2018 Rise Slightly To 17.27 Million

New cars sit on display at an Okemos Chevrolet dealership.
Kevin Lavery, WKAR News
New cars sit on display at an Okemos Chevrolet dealership.

Sales of new vehicles in the U.S. rose slightly in 2018, defying predictions and highlighting a strong economy.

Automakers reported an increase of 0.3 percent over a year ago to 17.27 million vehicles.

The increase came despite rising interest rates, a volatile stock market, and rising car and truck prices that pushed some buyers out of the new-vehicle market.

Industry analysts and automakers said strong economic fundamentals pushed up the sales and should keep them near historic highs in 2019.

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