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Steve McIntosh Report Blog Archive

Auto sales up in April

Gasoline prices may be rising, but that’s not keeping Americans away from auto showrooms. And the biggest sellers are not necessarily the thrifty, high-mileage models.
Autodata reports that comparing April 2011 to April last year … General Motors saw a 26.6% increase in sales … Ford gained 16.3% … and Chrysler sales were up 22.5%. Hyundai showed a 40.3% gain … Kia sales were up 56.7% … and Nissan sales were up 12%.
Is this another sign that the recession is over? Those kinds of sale gains are good news for the thousands of people who build and sell those cars, there’s no question about it. But we’re still not seeing the kind of sustained, powerful job creation that would put our economy back on track.
Meanwhile, the government is still mired in two expensive wars and Congress remains paralyzed over what to do about the deficit.
Another big factor: gasoline prices are helping to stall the recovery.
I wish we had more good news like April auto sales.
Our thought for today is from Ann Landers:
Trouble is the common denominator of living. It is the great equalizer.”

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People : Ann Landers

05/09/2011 1:15AM
Auto sales up in April
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