From USA TODAY:
Automakers sold 27.3% more new cars and trucks in February than a year ago. The annualized pace was 13.4 million, the highest since 14.2 million in August 2009, when the federal cash-for-clunkers program ignited sales during the recession.
Part of the pull: The average per-vehicle incentive rose 5% in February from January, to $2,708, according to TrueCar, an auto research website.
Car companies cheered the fact that retail sales to individual buyers were up, because those sales tend to be more profitable than discounted, multiple-vehicle fleet sales. It was taken as a harbinger of economic recovery and consumer optimism…
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