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Tuesday, March 1, 2011

A surge in automotive, but who gets the credit?

Is it Detroit that is recovering? Or is it the financial industry driving the recent increase in automotive sales? Those are the questions asked (and answered) by a recent story in The New York Times. Click here to see it.

Implications: This is an important story to read if you sell cars… or appliances or furniture or office equipment or computers... or any other product that is frequently purchased with the help of financing.

This is important not just because it is a sign that financing is more readily available than it was even a few months ago, but also because it seems consumers are more willing to consider financing than they were just a few months ago.

Mike Anderson, for the Elm Street Economics consumer trends blog. A service of The Center for Sales Strategy, Inc.

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