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U.S. May Auto Sales

Summary:
Solid U.S. new care sales increase in May: Major automakers post U.S. higher May new vehicle sales https://t.co/q87EDk0TGN pic.twitter.com/l1H8XEuAWQ — Reuters Top News (@Reuters) June 3, 2019 From Mike's latest report: Auto loans were up %excerpt%.4B to 5B a new high.  Auto loans have risen 21 weeks in a row for a total of B. The growth rate increased by one-tenth to 3.3% YoY.  This is the fastest in 2 years.

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Solid U.S. new care sales increase in May:

From Mike's latest report:

Auto loans were up $0.4B to $435B a new high.  Auto loans have risen 21 weeks in a row for a total of $12B. The growth rate increased by one-tenth to 3.3% YoY.  This is the fastest in 2 years.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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