April 2010 Auto Sales Figures.
These percentages are based upon a comparison of a month over the same month one year ago. In this case, April 2010 vs. April 2009. This is good news for an economic recovery. Consumers are spending again which indicates greater confidence in the economy and the consumes general feeling of their financial futures.
Here are some of the statistics released today.
GM is up 6.4%. If the brands that are no longer offered, like Pontiac, are removed from the comparison, the increase would have been 20%.
Ford is up 25.5%. This has been and will continue to be a huge year for Ford. They didn't take any bailout money and there is also a strong sense of Patriotism with this brand.
Toyota is up 24.4%. A nice increase but the recalls have cost Toyota market share to rival companies.
Chrysler is up 25%.
Honda is up 13%.
Hyundai is up 30%. I haven't seen the Kia figures but I suspect in this market that because of their lower price tags they did just as well in today's economy.
Hopefully strength and momentum build in the real estate markets. There are still some significant challenges but if we look to what is normally the second largest purchase someone makes and see the nice spike in activity, a rise in home purchases (usually the largest purchase someone makes) may not be that far behind.