Car sales bode well

[Truthmatters]

Increase in auto sales sign of economy improving | www.journal-news.com

 

[iamwhatiseem]

Well...as the saying goes - "there you go again".
Auto sales is indeed on the rise, and a long enough improvement to legitimately be able to say "auto sales are improving".
But...the proof is always just below the surface.
The reason auto sales is improving is because auto lenders have loosened credit requirements and are once again lending to the sub-prime audience. Which is not really a sign of "economic improvement" but a return to poor lending practices that got us here in the first place.

 

[Truthmatters]

link?

 

[Mad Scientist]

Buried in paragraph 12:

While business OVERALL is up 15 percent including all facets of the business, such as new and used cars, parts department, service department and the body shop, year-to-date sales for new vehicles are DOWN 3 PERCENT in 2012 compared to the same period in 2011.

 

[Truthmatters]

and they are know going back up.

is that bad?

 

[Truthmatters]

show the sub prime claim

 

[Truthmatters]

well?

 

[Truthmatters]

July Auto Sales Provide Cautious Optimism - US Business News - CNBC



July Sales:

GM (down) 6.4%
Ford (down) 4 %
Toyota (up) 26.1%
Chrysler (up ) 13%
Nissan (up ) 16.2%
Volkswagen (up) 27%

 

[Truthmatters]

How is this not good news?

 

[Truthmatters]

Navigating the numbers: how is the economy really doing? : Stltoday


GDP reigns as strongest indicator of growth

The big number — the total of all goods and services produced in this country — is the broadest, best indicator we have of whether the economy is growing, and how fast. The latest estimate, out last week, was 1.5 percent in the second quarter. Not quite recession territory, but still pretty weak.

That's how it has been almost every quarter since the end of 2010, and the experts don't see much improvement coming the rest of this year. Lately, gains in manufacturing, exports and consumer spending have been balanced out by lower government spending, rising imports and a slip in car sales. Indeed, the challenge for years now has been how to get the economy humming on all cylinders, instead of rising and falling by sector.

 

[Truthmatters]

now the car sales are up.


how is that not good?

 

[Rozman]

Total U.S. auto sales rose 9 percent from last July to 1.15 million, boosted by summer clearance deals and low-cost financing, just slightly below analysts’ projected 11 percent jump for total U.S. sales over the same month last year.

So the numbers were lower then expected...
And we are claiming victory here...

I guess we are using the same math as the Stimulus.
You know anywhere from 1 job - 4 million jobs saved.

 

[Truthmatters]

you dont want good things for this country do you

 

[Rat in the Hat]

July Auto Sales Provide Cautious Optimism - US Business News - CNBC



July Sales:

GM (down) 6.4%
Ford (down) 4 %
Toyota (up) 26.1%
Chrysler (up ) 13%
Nissan (up ) 16.2%
Volkswagen (up) 27%

All 3 foreign car company sales are up, while 2 out of 3 domestic car company sales are down, and you think this is good for America??

 

[Mad Scientist]

you dont want good things for this country do you

Of course I do. But I'm not blinded by Party Loyalty as you are.

If Barack Obama was a Coach he'd be fired by now.

 

[Trajan]

Well...as the saying goes - "there you go again".
Auto sales is indeed on the rise, and a long enough improvement to legitimately be able to say "auto sales are improving".
But...the proof is always just below the surface.
The reason auto sales is improving is because auto lenders have loosened credit requirements and are once again lending to the sub-prime audience. Which is not really a sign of "economic improvement" but a return to poor lending practices that got us here in the first place.

its also a channel stuffing gig......

 

[Rozman]

I want great things for this country.
Not one to fall on my knees and shout out hail Obama over some mediocre job report or other reports.

Obama says all the time.Does America want Romney taking us back to the Bush days.
Well America do you want another 4 years of what we have now?

 

[Nova78]

Government Purchase of GM Vehicles Increased by 79% to Skew Sales Statistics, Stock Value


It looks like General Motors will be throwing everything in but the kitchen sink to help fluff its second quarter earnings numbers. Taxpayers continue to help with the cause as President Obama campaigns on the “success” of GM following the manipulated bankruptcy process that cost taxpayers $50 billion and another $45 billion of tax credits gifted to GM to help protect powerful UAW interests. We now learn that government purchases of GM vehicles rose a whopping 79% in June.

The discovery of the pick-up in government fleet purchases at the taxpayers’ expense comes just weeks before GM announces its second quarter earnings

 

[B. Kidd]

July Auto Sales Provide Cautious Optimism - US Business News - CNBC



July Sales:

GM (down) 6.4%
Ford (down) 4 %
Toyota (up) 26.1%
Chrysler (up ) 13%
Nissan (up ) 16.2%
Volkswagen (up) 27%

Sssshhh!
No one tell TM that Chrysler is no longer American owned...............

 

[Truthmatters]

they are car sales that effect our economy.

I never said anything about them being wholely American companies