"Car sales in February suffered a sharp drop with figures not seen for ten years. Only 6,932 passenger cars were sold last month, a drop of 48.4% from Feb 2011 when sales were already falling and the industry had started to contract."
"The strong showing, in a month when manufacturers collectively sold about 1.1 million new cars, light trucks and crossovers, suggests that recent studies are on target indicating a significant upturn in long-lagging consumer confidence."
More like when hiring resumed new hires went out, bought a car to drive to work in. I have found many run-of-the-mill jobs pay just enough for a car and rent, etc.
NEGATIVE:
Car sales crash to 10 year low: http://algarvedailynews.com/news/5905-car-sales-crash-to-10-year-low
"Car sales in February suffered a sharp drop with figures not seen for ten years. Only 6,932 passenger cars were sold last month, a drop of 48.4% from Feb 2011 when sales were already falling and the industry had started to contract."
POSITIVE:
U.S. Car Sales Reach Pre-Crash Levels: http://www.thedetroitbureau.com/2012/03/u-s-car-sales-reach-pre-crash-levels/
"The strong showing, in a month when manufacturers collectively sold about 1.1 million new cars, light trucks and crossovers, suggests that recent studies are on target indicating a significant upturn in long-lagging consumer confidence."
Both articles published March 1, 2012....