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With her lower bug the rebound in the auto industry.
Categorical you can't deny it has done wonderful things and it's also help boost our US economy with may auto sales numbers up the demand for.
Pickups and suvs in particular that's -- was very strong look at the top three best selling vehicles in the US.
The third best selling vehicle Toyota Camry -- -- 22235.
In second place the ship be Silverado the thing's huge.
Dollars the number one best selling vehicle.
The Ford F series priced at 23955.
Adam Shapiro that is got to be a commentary on the comeback of contractors don't -- -- yes those cars.
The book pickups it's a -- it's a commentary on the that in housing recovery as well as the economy it's not as strong as people would like but it's recovering a lot better than other places when people are buying pickups.
That's his -- sign the economy's good the other -- reality though is that we have seen people holding on to vehicles much longer than they normally what's let's crunch some of the numbers.
And then you decide whether there's a slowdown coming -- alluded to in the Wall Street Journal today.
Or I want to share with you and -- the inside of an analyst I spoke to said.
Don't bet on any slowdown first the numbers wrong numbers may over April -- -- Sites sales go up 25% red flag there though they cut the price of the Altamont Liz 580 bucks at Nissan is giving incentives to buy -- up 14% Chrysler up 11% GM.
Only three point 1% Ford would have -- GM the difference in -- grateful for Ford and GM.
Was like 6800 vehicles Toyota up 2.5 percent Hyundai 2% that's kind of week for GM Toyota and Honda.
And the reason you -- on the Wall Street Journal this morning the concern that maybe a slowdown is coming.
That belief is -- -- fifteen point three million vehicles this year but maybe not.
Because you saw the incentives Nissan's already doing it the auto makers are giving incentives to the dealers to move product.
And there's a concern about all of -- -- sub prime loans.
Being used to help people buy cars.
On the flip side why we won't see a slowdown.
I spoke to George -- made a lot of who is the chief.
Senior economist and -- -- automotive and here's what he said to me we still have a lot of pent up demand which is going to drive us.
The average age of a -- of a car or a truck on the road today.
Eleven years that's a record.
And there's just this necessity for people to buy new vehicles he believes that's gonna happen I -- still calling for fifteen point three million vehicles this year -- -- point seven million next year.
And help -- people who least getting calls a year early before their leases even up where the car company says.
You know what we'll give you better deal on a brand new one we need that one back because they want to sell -- used -- freon -- The -- they wanna sell some of the -- but that's also an indication of what you're seeing lease deals VW did -- sign -- -- deal where no money down.
That's a red flag for a lot of analysts it means they're trying to move product to try to get it -- remember Detroit got the trouble with all the incentives before 2007.
Good morning there but it looks like the auto bailout -- -- for now has kept some of these companies helped get them alive and in some cases very healthy thank you very much Adam Shapiro the club.
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