Friday, November 18, 2011

This Will Really Confuse the Keynesians: New Car Sales at Highest Monthly Selling Rate in 3 1/2 Years

New-vehicle retail sales are experiencing further recovery and strength through the first half of November, according to a monthly sales forecast report by J.D. Power and Associates

November new-vehicle retail sales are projected to come in at 791,900 units, which represents a seasonally adjusted annualized rate (SAAR) of 11.3 million units—the highest monthly selling rate in three and a half years.

"Retail light-vehicle sales in November are outperforming expectations on a month-to-date basis, providing good news as 2011 comes to a close and the focus starts to shift to 2012," said John Humphrey, senior vice president of global automotive operations at J.D. Power and Associates


  1. 11.3M SAAR in a country with 250M vehicles is really pathetic. If Amerika were a free and prosperous country, the SAAR would be somewhere near 25M.

  2. With interest rates this low and the banks beginning to lend, this is certainly not a surprising trend.

  3. I don't understand why you always say this stuff will confuse Keynesians. They have always thought that their stimulus packages would cause this "recovery". They just don't understand its long-term consequences.

  4. Anon 10:23,

    How much do you know about modern macro-theory?

    Granted, I am certainly not an expert, but I do know a thing or two about IS-LM models, money velocity and AD-AS models to know that I don't have to be an "olfactory scientist" to be able to identify shit when I smell i, no matter how much Keynesian 'Fabreze' is sprayed upon it.