je.st
news
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."
Tags: the
on
auto
sales
Category:Automotive