Although auto sales have been doing better than past years, that's not saying all that much, May's sales figures came in a bit lower than expected. On top of a poor economic outlook, people are starting to wonder if a double dip recession is on its way.
One auto journalist doesn't appear to be all that fazed though. In fact, he has penned up 10 reasons why May's downfall isn't that much to worry about.
I mean, I don't want to be Mr. Negative here but I think we may be in for a longer haul than what was originally anticipated. Remember when our friends at IHS Global Insight published figures estimating that we'll be back to normal sales numbers by 2015? Yeah, I do.
Now I am not going to be like Dennis Miller and get started on a rant here, I'll just let you see what I said back then. That's because it still applies today.
**To see ALL of Burgess' 10 points, click "Read Article"
The U.S. economic outlook remains sketchy, gas prices are on the rise and unemployment is climbing, but it's not all bad news.
Even with car sales falling slightly in May, there's a lot of information to be gleaned from the raw sales data from AutoData Corp. Here are 10 things I think I learned from the most recent sales figures, released Wednesday.
Next May will be gangbusters
This happens from time to time. A number of factors come into play and hurt overall sales numbers...
[Source: The Detroit News]
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