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Auto sales were so strong in May it moved the needle on GDP
2015-06-03 05:49:33| Auto Dealers - Topix.net
In May, the pace of auto sales in the US rose to a seasonally adjusted annualized rate of 17.79 million vehicles according to Autodata, a new post-recession high and the fastest pace in almost 10 years. In a note to clients following the report, Jesse Hurwitz, an economist at Barclays, said, "We have been looking for a bounce back in consumption growth following the puzzlingly weak April data and today's sales reports from auto manufacturers suggest these gains are starting to materialize."
Consumers flock to auto dealers in May
2015-06-03 01:43:53| Auto Dealers - Topix.net
Pent-up demand drove consumers into auto dealerships in May. Auto sales were strong and on pace to having its best year in nearly a decade, fueled by demand for pickup trucks and sport utilities. Easier credit has played a role in boosting auto sales for a while, but extended loan payment terms have lessened the sting from higher priced vehicles, making financing more affordable.
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While Auto Sales Rev Up For Summer, Wall Street Closes Slow
2015-06-03 00:41:26| Auto Dealers - Topix.net
The Senate advanced the USA Freedom Act on Tuesday, putting lawmakers one step closer to passing legislation to reform the NSA's domestic surveillance pr... -- The family members of four Americans long held captive in Iran will stand before Congress on Tuesday to urge lawmakers to increase the pressure on the Islamic ... Producers across Nebraska have experienced above average spring rains throughout the 2015 spring planting season. In some cases producers may not be able to plant all acreage ... OMAHA, Neb.
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summer
Canadian auto sales hit a record high in May
2015-06-02 23:41:16| Auto Dealers - Topix.net
Canadians bought a record number of new vehicles in May as auto sales climbed 1.1 per cent from the same month last year, according to DesRosiers Automotive Consultants. The industry is on pace for a record year as luxury brands including Porsche, Mercedes-Benz, Audi, BMW and Lexus posted double-digit growth in sales.
May Auto Sales Strong, But Payrolls, Greece Loom for Stocks
2015-06-02 22:40:11| Auto Dealers - Topix.net
NEW YORK -- Auto sales for the month of May have come in better than expected, with all top four automakers reporting results ahead of expectations. Notably, pickup sales were strong, and average transaction prices -- particularly for General Motors "It's very bullish for the economy" to see light truck sales come in so strong, Jim Lebenthal, president of Lebenthal Asset Management , said on CNBC ' s "Fast Money Halftime Report."
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