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Auto Retail Market Is Bright Spot In Nation’s Economic Recovery

Nov 01, 2011

According to industry trade press reports, the auto market has been among the few bright spots of economic recovery around the country. The press reported on light-vehicle sales, broken down by the nation’s 12 Federal Reserve Districts. In recent months, most Districts saw car sales climb and new-vehicle supply improve following disruptions earlier this year. Overall, the San Francisco and New York districts (including parts of Northern New Jersey) have shown the greatest uptick in new-car sales. Meanwhile, on the pre-owned side of the vehicle market, New York and Philadelphia districts (BOTH encompassing parts of New Jersey) are still seeing high demand as well as tight supply for some models.