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Auto-sales strength defies weak economy

from Fleet Owner Magazine

Automakers have begun reporting their U.S. sales figures for July and the overall trend emerging is one of positive — if not robust for at several OEMs — increases from the same month a year ago. According to analyst Noel Perry, senior consultant with FTR Associates and principal of Transport Fundamentals, trucking is now benefitting from what he terms a "good" recovery under way for durable goods. He explained that much of the credit for that is owed "to the recovery in auto and light-truck sales — which are now in the 14-million [unit] range." more

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