Wednesday, January 5, 2011

U.S. Auto Sales Rose 11% in December

Bernanke money is hitting everywhere, including the auto sector.

GM Dec US sales up 7.5 pct;

Ford Dec US sales up 7 pct

Chrysler sales up 16 pct;

Nissan up 28 pct

December auto sales rose to the highest level in 16 months. Overall it was an 11% rise for U.S. domestic sales.

The annualized sales rate for December jumped to almost 12.6 million vehicles, the highest rate since August 2009 when the government's "Cash for Clunkers" manipulation was going fast and furious. Now it is the Bernanke manipulation.

1 comment:

  1. Is there any way of knowing whether this sales surge is due to individuals, business or government purchases?