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U.S. consumers who appeared to set records for retail purchases during Thanksgiving weekend may...

  • Wednesday, November 30, 2011, 10:19 AM ET
    U.S. consumers who appeared to set records for retail purchases during Thanksgiving weekend may have hiked November auto sales at the fastest pace in more than two years. Car sales, to be released tomorrow, may have run at a 13.4M seasonally adjusted annual rate, which would top October’s 13.3M rate, highest since "cash for clunkers” in August 2009.
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This news story has 4 comments:

  •  
    how many cars are junked every year? I have to wonder if we are net car increase or decrease now.
    30 Nov 2011, 10:25 AM Reply Like
  •  
    we srapped 14 million in 2009.. bought 10 million..total car stock down from 250 million to 246...

    looking for more updated info.

    I know my neighbor's truck broke down.. he and his wife now share their 1 minivan. My wife and I share 1 car too.
    30 Nov 2011, 10:28 AM Reply Like
  •  
    Great question. Despite cash for clunkers, average age of family auto has gone up.
    30 Nov 2011, 10:47 AM Reply Like
  •  
    Some cars do not leave the market through scrappage. High mileage vehicles are sold to Mexican dealers. It's funny that we did cash for clunkers for many vehicles that would have purchased in Mexico. Mexico has lifted tariffs on imported US autos. Their market was about to be flooded in the last 5 years.

    http://lat.ms/sSdCgw
    1 Dec 2011, 07:27 AM Reply Like
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