January auto sales rise, but economic headwinds picking up


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David Christ, head of Toyota Division, said the Japanese automaker experienced some weather-related "logistic issues" in delivering vehicles to dealers. LMC noted that fleet sales jumped 79 percent last month to about 207,000 vehicles compared with a year earlier. "The sales pace is still being determined by production," Jominy explained, also calling out the sharp rise in fleet sales in the month and noting that in this supply-constrained market, fleet might actually be helping to hold retail prices higher. Jominy said that "at this point in the inventory build, we should be expecting to see more automaker incentives. Balancing supply and demand remains vital for continued profitability, both for dealers and automakers, LMC's Schuster said.