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Tuesday, March 4, 2014

Weather Causes Fall of Auto Sales for Third Consecutive Month

According to ABC News, General Motors and Ford reported declines in U.S. auto sales as harsh weather conditions reigned over the auto industry. Auto sales have steadily increased over the past four years until this year's rough winter weather--and, earlier in the year, predicted to rise.

Since December 2013, sales have remained stagnant while vehicle inventories continue to increase. Industry analysts do predict a slight rise of about 1 percent for the month, but still slow compared to 8 percent from last year.

GM and Ford predict sales to continue to trend low in February. Volatile winter weather remained in many parts of the nation which kept several people in major metropolitan areas out of dealerships for long periods of time.

It's reasonable to blame the weather conditions for the lack of sales, but executives are looking for solutions to pick up sales. Stock market fluctuations can also play a role in the drop. However, automakers are confident sales will pick up in the next months. All automakers were due to report February sales yesterday, Monday, March 3.

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