News

US car sales stall in January

15/02/2002

A sharp drop in car sales, reflecting the fall-off in zero-interest finance deals, saw United States retail sales dip by 0.2 per cent during January.

But the shoppers still flocked to the malls where they spent on a wide range of items from clothing to building and garden supplies. Excluding the volatile automotive market, overall retail sales increased by a worthwhile 1.2 per cent last month.

To continue reading this story, please sign in or register.