Auto Sales Rate On Track To Break 10-Million Mark

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Published at: www.marketwatch.com

Edging into a 10M vehicle annual sales rate.

July 1, 2009

Analysis by:GLG Expert Contributor

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....

Jack SayerManaging PartnerSayer Partners LLC

Auto Sales With A SAAR Over 10 Million, Incentives At All-Time Highs, And, "Cash For Clunkers" On The Horizion, Are We Ready For A Continued Auto Recovery?

June 29, 2009

With Edmonds.com and J.D. Power agreeing that June auto sales will top 10 million on an annualized rate, and incentives at an all-time high, it remains to be seen if the passage of the "Cash for Clunkers" legislation will be enough to draw customers into showrooms and spark sales.

A Start - Then What? The Next Few Months will be Telling

June 29, 2009

Analysis by:GLG Expert Contributor

An upturn in sales is a positive.  Is this the start of a trend?  What will the tend line look like?  These are the critical questions.  The economic recovery, consumer confidence and home sales will drive the trend.