by Frank Holmes, U.S. Global Investors
Millions of Americans, it seems, felt that the time was right to trade in their clunkers for a new set of wheels.
Sales of cars and light trucks surged an incredible 58% in March compared to last year, according to Bureau of Labor Statistics data. Some 1.6 million vehicles were driven off car lots during the month, representing over 18 million on a seasonally-adjusted annual rate (SAAR).
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