Truthmatters
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- May 10, 2007
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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.
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.
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%
Of course I do. But I'm not blinded by Party Loyalty as you are.you dont want good things for this country do you
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.
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%