Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       

Blog Home
   Brian Wesbury
Chief Economist
X •  LinkedIn
   Bob Stein
Deputy Chief Economist
X •  LinkedIn
  Vehicle Sales Rise in April
Posted Under: Autos
Supporting Image for Blog Post

Sales of autos and light trucks rose in April to a 14.4 million annual rate, up 0.4%   from March and up 9.5% from a year ago.  The results matched the consensus expected pace and is the second highest reading since 2008.  Higher gas prices do not seem to be deterring the consumer.  Auto sales are clearly trending higher, but still have a way to go to get back to normal levels of about 15.5 million autos a year.

Warm weather may have encouraged some buyers to purchase a vehicle now, rather than waiting.  But the bottom line is that consumers would not be buying vehicles if they lacked confidence about the future. 

With dealer inventories still low, automakers will continue to ramp up production.  This is good news for the economy and means the Federal Reserve has no justification for another round of quantitative easing.  

Posted on Tuesday, May 1, 2012 @ 5:10 PM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.