This morning the Commerce Department will publish its count of all the retail products and services sold in March. Here are five things to look for when the numbers are released at 8:30 EDT. 1. Auto sales will accelerate… but not too fast Motor vehicle sales are 20 percent of […]
By Danni Santana Nasty weather depressed U.S. auto sales in February, yet did little to keep Americans from buying expensive gas-guzzlers, a sign that consumers continue to benefit from an improved economy and lower gas prices. Automakers performed worse last month than expected due to snowstorms up and down the […]
Auto sales are estimated to remain flat compared to last month but up from April 2012, making the automobile industry one of the economy’s strongest sectors. New car sales will remain above a 15 million unit annual selling pace for the sixth consecutive month, according to economists surveyed by Bloomberg. […]
Auto sales surged again in March, delivering the best monthly performance in the last five years. Light vehicle sales for March totaled 1.45 million, an increase of 3.4 percent over the year-ago tally, according to the Department of Commerce. Continued pent-up consumer demand, introduction of redesigned models, and low interest […]
Toyota salesman Mitch Schechter made good money selling Prius hybrids in March, but he stands to make a killing in April. The Prius is one of several models that suffered production shutdowns in Japan after the March 11th earthquake. Spurred by the fear of limited inventory, consumers then flocked to […]