Auto sales pacing up

Observation:  Earlier today, I wrote a story on the stabilizing job market, and mentioned how that stronger employment could positively impact consumption.  As if on cue, another email alert popped into my in-box this morning, explaining that automotive sales for January were very strong.  The note came from Automotive Digest, and cited this story from Bloomberg News (click to link).

Implications:   Many people demonstrated restraint both during the recession and in the 31 months that have followed.  By now, though, if there is a job or two and a stable income in the household, we can expect consumers to act on their pent-up wants and needs.

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