1. Quick Fact: Car Sales continue to be weak
September 27, 2010
It is not only home sales that are trying to revive: car sales also have been
hammered hard in the past few years.
In August total light weight vehicle sales fell to an annualized rate of 11.47
million units.
Down 0.6 percent from July and 19 percent from August 2009 when vehicle
sales were propped up by the cash for clunkers program.
Looking back at the historical trends, before the recent recession, sales
typically were in the 15‐17 million unit range.
One interesting note, Kiplingers recently had a study that showed drivers 21 to
30 only drove 14 percent of all miles driven compared to 21 percent in 1995.
Essentially Generation Y is driving much less than the previous generation
despite being larger in numbers.
http://www.kiplinger.com/businessresource/forecast/archive/no‐cars‐for‐
generation‐y.html
With sales below 12 million, this is further evidence that consumers are
hesitant to purchase big ticket items.
Produced by NAR Research

2. Quick Fact: Car Sales continue to be weak
Produced by NAR Research