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Thank you rob -- the consumers bouncing back albeit slowly we know this but we don't know is -- on what they are spending all that candid shot.
Well we will into minute sets -- Brian Hamilton is -- is -- -- works with exclusive breakdown of his latest study Brian welcome back this job.
Yeah hey Chris how are you today very well that what you fired from your latest survey.
Cars automobiles are back in people are spending more money which is great.
Is this more a function of the fact that eight and 20092008.
People bought fewer and fewer cars and now they're just kind of getting back to trying to get back to those normal levels as we saw previously with the fourteen million annualized units and whatnot.
Exactly it's a great point 20082000.
On the industry was really suffering as you know.
But people are tired truck driver owner jalopy so -- buying cars now which is great and I think it will be a good leading indicator for the economy.
You until you expect that to continue -- the automotive sector moving through 2011.
I think so yes and it really bodes well because remember Chris there's a lot of tangential industries around the -- so it should be good.
Now if and when you talk about used cars though that was for a while they're doing by -- because it could afford to pay all that money for a new car rides it appreciable lasted as soon as you drive -- -- the lot the value drops still buy a used car instead.
Will that trend continual people announced -- the move what's with the new cards.
He has a great question that categories up as well but that the key thing is this Chris big picture is people are spending more money right -- loosening their wallets.
Which really bodes well for all of us some of the other categories.
Health and personal care.
Beer wine and liquor stores such -- bright blue book I've never done your list.
-- -- never goes down -- incredible -- so it's good business to be if you wanna be sort of you know cushion against the recession but remember all those other categories are flat so the big picture there is very important.
All really in 20082009.
Retail was going down substantially and so now it's kind of flattening.
I wouldn't be too much of a big deal though about those increases because they're very -- her.
Now when you look at -- -- very modest increases that was going to be my next question how does that compare 5% increase say.
You'll have a 3% increase in health and beauty to a half percent increase.
Is that a great -- not very much to compare to previous year -- though it's not.
No you know what well it's definitely a great job compared to 20082008.
On all those categories were down.
So it's good and you know -- we speak about this all the time.
Things in the privately held company sector are flattening.
Which is not super but it's much better than it was two years ago when things were going down 20085%.
3% decrease so now things are flattening so the trend is.
Positive what this is a good point you make his sage words you guys are looking at that more the smaller companies media it's it's not not -- all mom and pop.
But this privately held companies a lot of them tend to be smaller as opposed the big fortune 500 retailers that are out there so.
Right in there -- differences in how the smaller companies are operating through this recovery than some of the larger play.
What's a great point there's 46 million companies in the US only -- 4000 of which are publicly traded so the vast.
A lot of economic activities generated by these smaller privately held company yes side Brian thank you so much always good to touch base -- be able do it in the near future.
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