Retail sales edged down 0.2% to $38.9 billion in February, largely offsetting the gain in January. New car dealers accounted for most of the decline. Lower sales were reported in 5 of 11 subsectors, representing 57% of total retail sales. In volume terms, retail sales decreased 0.6%. Chart 1 Retail sales decrease in February Sales at motor vehicle and parts dealers fell 2.4%, partially offsetting the rise in January. Lower receipts at new car dealers (-2.8%) accounted for most of the decline. The "other motor vehicle dealers" industry (-3.5%) posted a decrease for a fourth month in a row. Increased sales were ... (full story)