Tuesday, June 2, 2009
May auto sales were up almost 10% from their Feb. '09 low, and I would say that they have most likely hit bottom. This is consistent with a lot of other signs that demand is firming and in some cases rising. It's perhaps poetic justice that GM should enter bankruptcy and be taken over by the government just as the auto industry is getting back on its feet.
Posted by Scott Grannis at 4:52 PM