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Opinion: Cheap oil won't help Detroit sell more cars

2014-12-04 08:58:41| Auto Dealers - Topix.net

U.S. AUTO sales boomed on Black Friday as huge discounts pushed volumes to more than 17 million units on an annualized basis, the highest level in 11 years. But even with big price cuts pumping up deliveries of new cars - likely at the expense of fourth-quarter profit margins - the biggest discounts of the holiday weekend were actually on crude oil.

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Category:Automotive

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