Friday, October 28, 2011

Closer Look at Auto Sales

There seems to be a consensus forming that one of the few areas of the economy that is showing strength is the auto industry.  This is likely because sales rose 10% year over year in September.  Looking at year over year changes doesn't really paint a full picture though because the actual number of cars sold continues to be relatively depressed even if the number is rising.  There shouldn't be too much celebration over rising auto sales if the level that sales are rising to is the 1990s trough level.

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