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Eight he is behind the driver's seat that -- or I'm behind the driver's seat Jeff is in the -- seat you're going to be in the privacy related to -- can't wait for that.
But let's get some color as to what went right this month in the auto industry after another strong month.
Is another sign the auto industry back on track let's welcome our all star -- also.
TU George -- -- -- first thank you so much for joining us this idiot today so the best month for auto sales in many years really since the recession.
All the fundamentals seem to be in place is there anything that would suggest things will change here in the second half of the year.
We have -- W better that that.
That the economy's -- pick up and right now what we expect to get away from the sequester it -- fiscal months since as we move to at the end of the year.
And so -- he was gonna pick up even more so -- today.
And that's -- this month is so important that reduces what this was it a real good surprise of the of the operated with things are in the economy.
Are picking up but the government with fiscal policy is holding his facts.
Let me bring in Michelle Krebs who were calling her our Detroit insider from Edmunds dot com Chrysler General Motors for all had really.
Good June sales figures that we're talking about flirting with a sixteen million unit.
Year are we I mean could things slow -- -- are we gonna possibly to break that Michelle.
Well we're flirting with a sixteen million seasonally adjusted rate -- June far better than we thought.
And we haven't seen that level -- -- November 2007 and I agree with George that we could see.
A really good second half and the reason is pickup trucks.
The pickup trucks have been really strong the first half they typically aren't that strong in the first half so second -- -- their time to play.
-- this is a shining spot of the overall economy isn't it because if you look at the overall growth rate.
Out PT airs -- just about sub 2% if even that the fact that car sales are gaining traction I mean that's quite impressive what's your take -- about the year.
Yeah I do with both -- and and Michelle I mean ultimately new vehicle sales are up close to 6% in the first half of the year.
I'm mark forecast -- the starting your called for sales about fifteen point three million units an admittedly relatively conservative number.
Things -- to be even better in the second half of the year which is.
Certainly great news for the domestics especially with pickup trucks doing so so well these are the most profitable vehicles that these -- produce.
So the strength in that segment in the industry overall is is certainly great news.
For the industry and a -- and economy overall.
-- -- -- our expert automobile magazine's president and editor in chief let me ask you didn't Detroit get in trouble when it relied too heavily.
On pickup trucks for its profitability I I -- -- -- the big battle between Ford and Chrysler but doesn't it -- pretend you know.
Problems in the future.
Yes but it's it does not portend problems in the future because they're over that this is not where they're just.
I think these are brand new vehicles -- lots of equipment and it's not just pick up trucks that -- bringing the money and people are buying loaded cars as well so you know it is just like a perfect storm of scandalous -- it is it is.
You know we are there is money for everybody out there -- two to get cars there are.
I -- between stock prices being.
Gas prices being stable and a little bit down in addition to that there -- never -- and older vehicles on the road the script did you rate is higher than it's ever bad.
People need cars saw they're buying cars they're buying trucks and the US market share is going out.
So George DN.
-- Honda one -- that's obviously an Asian automaker but who's who's.
The best of the best right now Ford for so long was really the darling at least of the US crowd but overall give me the global.
Well if you looking globally GM is doing very well globally -- -- GM obviously was a big surprise this month so there's that they've finally starting to Kiki gears but with.
Ford's -- deluded old wounds.
You've got -- they -- out there you've got VW you know give.
The foreign manufacturers everybody's really firing -- -- -- schools who Chrysler and that Cherokee Jeep and all the fallout from right government is that the 38 -- of of -- just -- out there now.
If this is sustainable and I tell people if you look at the order of business it's alive and well -- -- in Detroit today so it's -- there's really good news for a talk.
Allow like Jean and George and a Michelle we have much more because and so.
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