by Transcript: Interview with Economist Warren Mosler Interesting- total sales rate unchanged, but domestic vehicle sales rate down again. In other words, not currently growing: Motor Vehicle SalesHighlightsConsumers have really shown their strength the last three months, buying vehicles at a 12-year high annualized rate of 18.2 million. That’s right, for three months in a row. The results, however, do not point to a monthly gain for the motor vehicle component of the November retail sales report — but they do point to a foundation of strength.The composition of November’s unit sales shows a shift higher for light truck sales, no doubt the result of low gasoline prices, that offsets a shift lower for cars. Low gas prices are keeping more money in consumer pockets, reflected not only in a rising savings rate but also in exceptionally strong vehicle sales. Down again, now forecasting only 1.
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Transcript: Interview with Economist Warren Mosler
Interesting- total sales rate unchanged, but domestic vehicle sales rate down again.
In other words, not currently growing:
Motor Vehicle Sales
Highlights
Consumers have really shown their strength the last three months, buying vehicles at a 12-year high annualized rate of 18.2 million. That’s right, for three months in a row. The results, however, do not point to a monthly gain for the motor vehicle component of the November retail sales report — but they do point to a foundation of strength.The composition of November’s unit sales shows a shift higher for light truck sales, no doubt the result of low gasoline prices, that offsets a shift lower for cars. Low gas prices are keeping more money in consumer pockets, reflected not only in a rising savings rate but also in exceptionally strong vehicle sales.
Down again, now forecasting only 1.4% for Q4: