Thursday, July 2, 2009
Auto sales most likely hit bottom last February, when they came in at a 9.1 million annual (seasonally adjusted) rate. In June they were 9.7, and they averaged 9.6 in the January-June period. How fast they increase is now the question, but there is a lot of pent-up demand out there, given the degree to which sales have plunged in the past two years.
Posted by Scott Grannis at 8:14 AM