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USA 1-24 May 2020: Retail sales down -25% despite lifting of stay-at-home orders
The U.S. Canada border remains closed. According to Wards Auto and J.D. Power, U.S. retail sales through May 24 are down -25% vs. pre-virus forecast at 670.000 units, with J.D. Power predicting 991.000 retail sales in May, down -24% from its pre-virus forecast. This is a significant drop but a much