Auto Sales

We saw auto sales shoot up 6.7% to 13.4 million units (at an annual rate), the best level since August ‘09, and we also saw the ISM inch higher to 61.4 from 60.8 with the “internals” of the report just as solid as the headline But even with incentives running wild, auto sales are still nowhere near the 16-18 million unit pre-credit-bubble norm. even with the subprime market for auto loans improving.