Star
Gold Member
- Apr 5, 2009
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This guy claims he knows how to create jobs-------poofookinleeze!
U.S. auto sales are on pace for the best showing since 2007 and a third year in a row of at least 10 percent gains, only the fourth such streak since the Great Depression, as more confident buyers return to showrooms.
Automakers are adding overnight shifts and cutting workers vacations to meet demand.
Sales this year might reach 14.3 million cars and light trucks, equal to the first-quarter pace, according to estimates from 14 analysts compiled by Bloomberg. It would be the best full year since 16.1 million in 2007. The same analysts in January were expecting sales this year of 13.6 million before Toyota and others exceeded projections.
Even if we stay where we are, its a pretty good year, said Brian Johnson, an industry analyst at Barclays Capital in Chicago, who is predicting full-year U.S. sales of 14.4 million.
The improvement helped General Motors, Ford and Chrysler to first quarter profits that beat analysts forecasts even while deliveries fell in Europe.
First-quarter deliveries in the U.S. ran at the strongest pace since the same months in 2008, when sales started at an annualized rate of 15.4 million before collapsing to a full-year tally of 13.2 million, said Kevin Tynan, a Bloomberg Industries analyst.
Sales in the U.S. fell to 10.4 million in 2009, the lowest since the end of the 1982 recession. They improved to 11.6 million in 2010 and 12.8 million last year
U.S. auto sales are on pace for the best showing since 2007 and a third year in a row of at least 10 percent gains, only the fourth such streak since the Great Depression, as more confident buyers return to showrooms.
Automakers are adding overnight shifts and cutting workers vacations to meet demand.
Sales this year might reach 14.3 million cars and light trucks, equal to the first-quarter pace, according to estimates from 14 analysts compiled by Bloomberg. It would be the best full year since 16.1 million in 2007. The same analysts in January were expecting sales this year of 13.6 million before Toyota and others exceeded projections.
Even if we stay where we are, its a pretty good year, said Brian Johnson, an industry analyst at Barclays Capital in Chicago, who is predicting full-year U.S. sales of 14.4 million.
The improvement helped General Motors, Ford and Chrysler to first quarter profits that beat analysts forecasts even while deliveries fell in Europe.
First-quarter deliveries in the U.S. ran at the strongest pace since the same months in 2008, when sales started at an annualized rate of 15.4 million before collapsing to a full-year tally of 13.2 million, said Kevin Tynan, a Bloomberg Industries analyst.
Sales in the U.S. fell to 10.4 million in 2009, the lowest since the end of the 1982 recession. They improved to 11.6 million in 2010 and 12.8 million last year
