Light vehicle sales in February 2012 escalated 15.7% to a seasonally adjusted annual rate (SAAR) of 15.1 million units, despite higher gasoline price (up 10% to $3.74 per gallon) and lower spending on discounts and promotions by automakers (down 4.7% to $2,457 per vehicle). In fact, the average price of vehicles went up by a robust $1,943 from February last year, according to TrueCar.com.
The SAAR during the month was the highest achieved by the U.S. auto industry since 2008. The tailwinds that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards