Automakers See Vehicle Buyers Unfazed by U.S. Spending Cuts
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Automakers led by General Motors Co. and Ford Motor Co. predict demand for cars and trucks, on pace for the best year since 2007, will remain resilient even as the U.S. was unable to avert government spending cuts that took effect yesterday.
Vehicles on U.S. roads are the oldest on average in history, and Americans will continue to look to replace them with more fuel-efficient models also equipped with better technology features, the automakers’ sales executives said yesterday. Ford reported its best February sales in six years.