Tuesday, April 3, 2012

Surging Auto Sales Fueling Recovery

From Daily Kos:
"What was seen not so very long ago by many analysts as a temporary surge in automobile buying as a result of pent-up demand that would soon wane has turned into steady growth for Detroit. U.S. automakers posted another strong showing Tuesday with Chrysler up 34 percent over this time last year, GM up 12 percent and Ford up 5 percent.

"Analysts are confident their sales will easily surpass 14 million vehicles this year, still below the 16.5 million peak, but one heckuva lot better than the 10.4 million they sold in 2009.

"Sales have driven a steady stream of hiring new employees or turning temporary workers into permanent ones.."

Yeah, and as the DK article's headline says, we're sure business genius Willard "Etch-a-Sketch" Romney will find a way to say it was all his idea!