Domestic vehicle sales plunged in September to 6.7mn (SAAR) units from 10.1mn in August after the expiration of the US government’s Cash for Clunkers program. This was the lowest reading since April. Car sales dropped by 3.3mn units, or nearly 40%, from August, while truck sales declined by 3.4mn units. Ford displayed the best performance […]
Archive:
October 2009
Personal income rose 0.2% in August, after rising 0.2% in July. Personal consumption expenditures climbed 1.3%, versus a 0.3% increment in July. Most of August’s strength was due to increased durable goods purchases (+5.3) stemming from the residual effect from the US government’s Cash for Clunkers program. Nevertheless, the consumption of services reached an 11 […]