Videos ? Latest ? Feature ? Sports ? Your Videos
 

US auto sales up despite shaky economy

0 Comment(s)Print E-mail CNTV, November 3, 2011
Adjust font size:

 

Despite high unemployment and a shaky economy, U.S. auto sales bolted higher for a second month in a row. Sales are hovering at their best levels of the year. Consumers are returning to showrooms, as used car prices rise and gas costs ease.

George Gambino, General Manager of Bay Ridge Honda in Brooklyn, New York says even reluctant buyers are heading to dealer lots. He said: "People are coming in. We’re getting product. The programs with Honda and financing companies are loosening up. So it’s positive. It’s looking good."

Honda’s numbers overall, however, continue to be hampered by supply disruptions, while Japanese rival Nissan saw an 18 percent jump in sales.

As for domestic auto makers, Chrysler led the pack with monthly sales jumping 27 percent compared to a year ago.

Another key factor bringing in car buyers is age. U.S. automobiles are nearing an average of 11 years old. That’s an all-time record. And many of those autos need to be replaced.

On that note, analyst Robert Schulz with S&P Corporate Ratings warns this is not a sign of an overall pickup in consumer spending. He said: "We don’t feel it’s too heroic given the weak economy for sales to slowly recover because these are sales to consumers that really need vehicles as opposed to, you know, the more discretionary purchases we saw, you know, back prior to 2008."

Still, Gambino expects the buying to remain steady for the next few months. He said: "People are coming in. They don’t have that much money to put down. They’re trying to hold on to their money and again with the programs that are out there, you don’t need a lot of money to get into a new car at a low price."

However, analysts warn consumers are carefully gauging the health of the economy--if it takes another hit so will the recovering auto industry.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 亚洲熟女乱色一区二区三区| 午夜精品久久久久久久久| 8050电影网午夜在线观看| 妇女bbbb插插插视频| 久久久久亚洲精品无码蜜桃| 最近中文字幕高清字幕8| 亚洲欧美成人网| 狠狠躁夜夜躁av网站中文字幕| 另类国产ts人妖合集| 艳妇乳肉豪妇荡乳AV| 国产又粗又猛又大的视频| 日本尤物精品视频在线看| 国产精品欧美福利久久| 97人妻天天爽夜夜爽二区| 天天看免费高清影视| 一本加勒比HEZYO无码人妻| 手机在线看片国产日韩生活片| 久久天堂夜夜一本婷婷麻豆| 最近中文字幕完整版免费| 亚洲人成色7777在线观看不卡| 欧美激情一区二区三区免费观看 | 成年性生交大片免费看| 久久久精品免费视频| 日韩午夜视频在线观看| 亚洲AV无码一区二区三区在线| 欧美伊人久久大香线蕉综合| 亚洲日韩av无码中文| 欧美激情另类自拍| 亚洲欧美精品伊人久久| 深夜福利一区二区| 人人妻人人澡人人爽欧美一区九九| 精品一区二区三区水蜜桃| 公的大龟慢慢挺进我的体内视频| 精品欧洲videos| 又粗又长又黄又爽视频| 美女奶口隐私免费视频网站 | 草莓视频黄瓜视频| 国产亚洲精品仙踪林在线播放| 高清一区二区三区视频| 国产国产东北刺激毛片对白| 香蕉视频911|