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Edging into a 10M vehicle annual sales rate.
July 1, 2009
Auto Sales Rate On Track To Break 10-Million Mark | www.marketwatch.com
While we are seeing the annual sales rate of vehicles in the U.S. approach 10M, this is not a sign that the industry has turned around. The dealers of TARP-subsidized manufacturers have been selling off excess inventory at a loss as credit rules and floorplans change. Until inventory levels-off and plants come back online, we will not see the positive effects in employment in the auto industry. Until employment picks up, consumer spending can't happen. I am positive about the housing market showing a little progress. This will help revive the auto industry. I see positive gains for Hyundai and Kia as they are making quality products and are working creativly with the buyers. I also believe the fleet leasing and rental companies will soon have no choice but to start placing large orders as their existing fleets age.
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Charles & Colvard Still Searching For Direction
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Supply Chain Optimization Key to Future Foodservice Industry Profits
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Embracing the Fear of E-Tailing through More Brick and Mortar
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Summarizing the 2009 WWD Apparel/Retail CEO Summit and a Road Map
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Does Anyone Really Expect G.M. And Chrysler To Repay Billions In Loans?
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online.wsj.com
www.retailwire.com
www.wwd.com
www.businesswire.com
www.businesswire.com
Restaurateurs Optimistic, but Mantra Remains “Operate with Caution”