US retail sales rise due to successful cash for clunkers scheme

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US retail sales rise due to successful cash for clunkers scheme

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09-16-2009, 12:24 AM

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US retail sales rise due to successful cash for clunkers scheme

The Commerce Department has today revealed a rise in US retail sales for the month of August, helped by the US Government’s Car Allowance Rebate System (CARS), branded the “cash for clunkers” scheme. Retail sales rose by 2.7% in August, compared with July and was the biggest monthly gain since January 2006. However, on an annual [...]

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