Tuesday, November 3, 2015
October auto sales beat expectations. Sales are up 10% in the past year, and they have doubled since their Feb. 2009 low. That works out to an annualized rate of increase of 11% per year.
This is one more example of one of the "hot" sectors of the economy. Housing and autos are on fire, and that says this is not a fragile recovery.
Posted by Scott Grannis at 3:38 PM