2015 US auto sales hitting record highs .

[Timmy]

Thanks Obama ! He saved the car industry and now it's booming !



U.S. auto sales touched a new high in 2015 as easy credit, hot new vehicles and strong consumer confidence pushed sales slightly above the record set in 2000, industry data showed Tuesday.

Some 17.47 million vehicles were sold in the United States last year, nearly 70,000 more than the record set 15 years earlier, according to Autodata.

Sales were up six percent from the 16.52 million vehicles registered in 2014.

The boom comes after sales collapsed to lows not seen in decades in the wake of the 2008 financial crisis which knocked General Motors and Chrysler into bankruptcy.

That downturn accelerated much-needed restructuring at the Detroit Three carmakers, which began racking in record profits when the economy improved and sales started climbing again.



Read more: US Auto Sales Score New High in 2015
Important: Can you afford to Retire?

 

[Moonglow]

GM is doing public relations work to see if Americans would buy GM cars made in China...

 

[SassyIrishLass]

Maybe GM can now repay all the money they owe the US taxpayer?

 

[Timmy]

You righties hate any good news for America .

 

[SassyIrishLass]

If they are raking in the cash they need to repay all the money. That's just honest and fair business

 

[Wyatt earp]

Remind us again the price of oil again, thanks to Saudi Arabia.

.

 

[CrusaderFrank]

It's all the funny money auto loans. It will be as big a bust as 08 again

 

[Remodeling Maidiac]

Thanks Obama ! He saved the car industry and now it's booming !



U.S. auto sales touched a new high in 2015 as easy credit, hot new vehicles and strong consumer confidence pushed sales slightly above the record set in 2000, industry data showed Tuesday.

Some 17.47 million vehicles were sold in the United States last year, nearly 70,000 more than the record set 15 years earlier, according to Autodata.

Sales were up six percent from the 16.52 million vehicles registered in 2014.

The boom comes after sales collapsed to lows not seen in decades in the wake of the 2008 financial crisis which knocked General Motors and Chrysler into bankruptcy.

That downturn accelerated much-needed restructuring at the Detroit Three carmakers, which began racking in record profits when the economy improved and sales started climbing again.



Read more: US Auto Sales Score New High in 2015
Important: Can you afford to Retire?

You're an idiot. The ONLY thing Obama accomplished in the auto industry is GUARANTEEING that poor folk had fewer choices with their limited dollars

 

[guno]

Maybe GM can now repay all the money they owe the US taxpayer?

they did that already, put down the bottle

 

[SassyIrishLass]

Maybe GM can now repay all the money they owe the US taxpayer?

they did that already, put down the bottle

No they didn't, jack wad. Get informed before you spew your BS

 

[midcan5]

Americans support America and its workers. 2015

But many Americans support government motors, aka Japanese autos, the Japanese work together with government, look up keiretsu. Always strikes me as odd that Americans will complain about jobs etc and yet support jobs, healthcare, unions in Japan, Korea, and Germany. Odd huh.

Buy American = "Because Ford, GM and Chrysler conduct far more of their research, design, engineering, manufacturing and assembly work in the U.S. than foreign automakers do, buying a Ford, GM, or Chrysler supports almost three times as many jobs as buying the average foreign automobile. Some comparisons are even more striking. Buying a Ford supports 3.5 times more jobs than buying a Hyundai. Comparing a Honda and a Hyundai? Buying a Honda supports more than 2 times more jobs." The Level Field Institute

Writing Unions Out of the Story on Fighting Poverty | US Message Board - Political Discussion Forum
Galloping Over The Minimum Wage Myth | Page 5 | US Message Board - Political Discussion Forum

 

[Seawytch]

Maybe GM can now repay all the money they owe the US taxpayer?

Taxpayers Don't Have Government Motors To Kick Around Any More

The U.S. Treasury today announced that it has sold all of the remaining shares of General Motors GM +3.33% common stock, ending four-and-a-half years of government ownership.

Taxpayers recouped about $39 billion of the $50.1 billion pumped into GM in late 2008 and 2009 as the Bush and Obama administrations tried to save the car maker from collapse after years of mismanagement brought to a head by a crippling credit crisis and economic recession. The sale will put an end to restrictions on executive pay, which will help GM attract top talent, and could pave the way for new dividends or share repurchases, both of which would please investors.[...]

Despite the $11 billion loss on the GM bailout, the Treasury Department was quick to point out that it has recovered a total of $432.7 billion on all investments under the Troubled Asset Relief Program (TARP) – including the sale of its shares in AIG – compared to $421.8 billion disbursed. Treasury said it will continue to wind down the remaining investments”in a manner that balances maximizing the taxpayer’s return on investments with the speed of our exit.”

 

[jon_berzerk]

11 billion dollar loss

in libtard world win win

 

[SassyIrishLass]

11 billion dollar loss

in libtard world win win

Chrysler and GM still owe taxpayers $10 billion dollars

 

[Seawytch]

11 billion dollar loss

in libtard world win win

Despite the $11 billion loss on the GM bailout, the Treasury Department was quick to point out that it has recovered a total of $432.7 billion on all investments under the Troubled Asset Relief Program (TARP) – including the sale of its shares in AIG –compared to $421.8 billion disbursed. Treasury said it will continue to wind down the remaining investments”in a manner that balances maximizing the taxpayer’s return on investments with the speed of our exit.”

 

[SassyIrishLass]

11 billion dollar loss

in libtard world win win

Despite the $11 billion loss on the GM bailout, the Treasury Department was quick to point out that it has recovered a total of $432.7 billion on all investments under the Troubled Asset Relief Program (TARP) – including the sale of its shares in AIG –compared to $421.8 billion disbursed. Treasury said it will continue to wind down the remaining investments”in a manner that balances maximizing the taxpayer’s return on investments with the speed of our exit.”

They are still on the hook for roughly 10 billion. Anyone paying attention already knew this

 

[Shrimpbox]

Its not that right wingers dislike good news, it's,that left wingers refuse to accept reality. By the way, while the auto industry, really the unions, shafted us taxpayers, the banks repaid all,their loans with interest which accounts for the govt profit. What will be the left response when the auto bubble bursts?

Don't Look Now, But The Subprime Auto Bubble May Be Bursting | Zero Hedge

 

[Seawytch]

11 billion dollar loss

in libtard world win win

Despite the $11 billion loss on the GM bailout, the Treasury Department was quick to point out that it has recovered a total of $432.7 billion on all investments under the Troubled Asset Relief Program (TARP) – including the sale of its shares in AIG –compared to $421.8 billion disbursed. Treasury said it will continue to wind down the remaining investments”in a manner that balances maximizing the taxpayer’s return on investments with the speed of our exit.”

They are still on the hook for roughly 10 billion. Anyone paying attention already knew this

No, they aren't "on the hook" for it. They're done. TARP was a success, the government recouped it's losses and the US auto industry was saved in the process. Tell us again how that's bad...and Obama's fault.

 

[SassyIrishLass]

We won't even go into the bath the taxpayer took when the government unloaded the stock...good grief, amateur move

 

[SassyIrishLass]

11 billion dollar loss

in libtard world win win

Despite the $11 billion loss on the GM bailout, the Treasury Department was quick to point out that it has recovered a total of $432.7 billion on all investments under the Troubled Asset Relief Program (TARP) – including the sale of its shares in AIG –compared to $421.8 billion disbursed. Treasury said it will continue to wind down the remaining investments”in a manner that balances maximizing the taxpayer’s return on investments with the speed of our exit.”

They are still on the hook for roughly 10 billion. Anyone paying attention already knew this

No, they aren't "on the hook" for it. They're done. TARP was a success, the government recouped it's losses and the US auto industry was saved in the process. Tell us again how that's bad...and Obama's fault.

You're an idiot and dismissed