U.S. February Auto Sales Jump, No Sign Of Slowdown

[Purveyor]

Source: Reuters

U.S. February auto sales soared to a 15-year high for the month, carmakers reported on Tuesday, in the latest sign of continued consumer confidence.

Auto sales last month rose about 8 percent, helped by low gasoline prices, available and low-interest credit and higher wages.

Despite gloomy talk about the economy on the U.S. presidential campaign trail, auto sales and other data released on Tuesday indicated the economy was regaining momentum.

Analysts have expressed concerns about a cyclical fall-off in vehicle sales after sustained gains since the 2008-2009 deep recession, but there were no signs of a slowdown.

Read more: http://www.reuters.com/article/us-usa-autos-idUSKCN0W34LC

[bluestateguy]

1. Thank God this president stood with our auto makers and auto workers

As did Hillary Clinton and Bernie Sanders.

[silvershadow]

2. And thank you, Hillary supporter, for including Bernie! We need more of that around here.

[rurallib]

3. brings back the memory of Mitt and cohorts wanting to let the auto industry die

and be sold off in pieces.

Just to kill the union was the only thing I could ever figure.

[IthinkThereforeIAM]

4. This is all great...

... but I wonder if it is cash or credit? More debt feeding auto sales?