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Auto purchases increased 0.7% last month, the highest rate in the past half-year. The "cash for clunkers" program is credited with the spike, particularly given that other retailers continued to struggle.

Not including the auto sector, retail sales were up only 0.1% in July. So, the car manufacturers are getting their bump, but to call a recovery would still be premature. It's even gotten to the point where dealers are running out of inventory.

Continue reading Auto sales up in July, retail suffers

Auto sales up in July, retail suffers originally appeared on BloggingStocks on Mon, 10 Aug 2009 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>auto industry outlookauto manufacturersautomobilecar manufacturerscar manufacturingcash for clunkersgeneral motorsgminthenewsMon, 10 Aug 2009 11:00:00 EST<![CDATA[Car sales surge in China]]>http://www.bloggingstocks.com/2009/07/09/car-sales-surge-in-china/http://www.bloggingstocks.com/2009/07/09/car-sales-surge-in-china/http://www.bloggingstocks.com/2009/07/09/car-sales-surge-in-china/#commentsFiled under: , , ,

Car sales in the United States might be struggling, but in China, they are moving product. Passenger vehicle sales spiked 48% last month, its biggest gain since February 2006. Chinese buyers picked up 872,900 cars in June 2009, according to the China Association of Automobile Manufacturers, and total auto sales (with buses and trucks included) climbed 36% to 1.14 million year-over-year.

Government officials are proclaiming the country's "downward slide" over, and aggressive goals are being set. The full 2009 vehicle sales forecast was raised from 10.2 million to 11 million, as sales for the first half of the year were up 18% year-over-year to 6.1 million.

Continue reading Car sales surge in China

Car sales surge in China originally appeared on BloggingStocks on Thu, 09 Jul 2009 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>autoautomobilecar manufacturerscar manufacturingCarManufacturersCarManufacturingchinachina stocksChinaStocksgmgmgmqhong konghong kong stocksHongKongHongKongStocksinthenewssaicsaic motorSaicMotorThu, 09 Jul 2009 09:30:00 EST