Auto Sales Nonetheless Booming

Auto Sales

September automobile sales blew previous expectations (13.04M annualized fee vs. 12.6M expected), while registering a large eleven.2{ce761d482549002b5adf7aa9016c2f9f16cea69c7d1df7ae365c4a52b17ff19d} improve in the past 12 months, and a 14.three{ce761d482549002b5adf7aa9016c2f9f16cea69c7d1df7ae365c4a52b17ff19d} increase since final June’s low. This, regardless of the Japanese tsumani earlier this year that brought on intensive provide-chain disruptions and resulted in a huge drop in sales from February by means of June. Suffice it to say that auto gross sales don’t conform at all to the present narrative concerning the financial system being on the ropes.

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