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The Automobile Industry

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U.S.motor vehicle sales reached new highs in 1999 and 2000, but forecasters do not expect this trend to continue. The February 2001 edition of Blue Chip Economic Indicators reported a consensus forecast that sales would fall to 16.0 million in 2001 (a drop of roughly 10%) and rebound slightly to 16.3 million in 2002.

Suggested citation: "The Automobile Industry," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-03, pp. 14, 03.01.2001.

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