Cars in Neutral

By Econ70 | 06/18/2013
A new york state association of realtors logo.

Since hitting a low of 9 million in annualized auto sales in 2/09, strong demand has propelled new-car sales to 15.3 million as of 5/13. However, sales have flat-lined of late and are barely higher than in 1/13. This is in part why manufacturing growth is weakening. Yet automakers are cranking out more cars than…

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Driving Sales

By Econ70 | 04/10/2013
A logo of tennessee housing development agency

Last week automakers reported sales of 15.3 million, up from a low of 9.0 million in February 2009. The rise is due in part to ultra-low interest rates, but also to both a rapidly aging fleet and longer loan terms. The average age of a car is now 11.2 years, up from 8.4 in 1995,…

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