Reuters - Video

EDITION: U.S. | U.K. | IN

Breakingviews

Breakingviews: Car sales on a roll

Wednesday, April 03, 2013 - 03:24

April 3 - Reynolds Holding and Breakingviews columnists talk strong U.S. auto sales and what they say about housing and the broader economy.

▲ Hide Transcript

View Transcript

We'll put some bright -- it is among the more Juan economic tidbits today. Car sales in the US have hit their highest level in years. And in the land of pickups and suvs and other assorted monsters that's pretty big news analysts have put -- some. Broad -- of potentially yeah it was just being a merely adding to the thing is that there was lots of concerns coming into this year to particularly for consumers that they would you kind of pull back to respond to talk about -- again there's going to be payroll tax increase. Sequestration. -- account we're seeing with Parcells is that if consumers are continuing to buy and which is a pretty big ticket items -- the biggest one you know outside of and that is Anthony has written before there's lots of pent up demand there's a -- -- aging you know vehicle fleet on the road. But I think you know with a pickle -- the pick up trucks out and that's kind of indicating to that you're giving us a little bit of virtuous cycle from housing and housing picks up. Construction workers actually need something to like is it also Paulson auction or is it because you know I'm -- people -- how to -- as they need to put something in the grotto that is a pretty strong on diet -- -- Yes that I as a strong crowd and the senate is a huge correlation between housing and pickup trucks since I'm not collapsing -- -- watched housing prices picked -- should see more trucks being so. Because there's more renovation McDonald houses more stepping -- -- aren't new bills and who -- his demise is that it's it's. How does the economy get effects of policy because yes there is and has been for years and took him on an average age -- -- -- 1112 years right and -- SEB it's like. Accessing forcing which -- gets a point where it don't -- long enough that I. -- -- -- what how much money to spend to keep -- -- clunker on the road for -- is getting anyone -- -- what was the parents and it's it's -- 50% rule which parents -- and that's with -- yeah I think some people. Knowledge is he going out buying it has different grand apparel probably isn't ineffectual and told you I would gets it right. But I don't let you know if you get on the margin if you some muscle an average and it and it -- sitting in a -- and big soda and. And usually inning when you're looking at your body -- like lets you know -- five -- ash -- -- by car and but again the it seems to be people are. -- deciding what is -- how does that mean this is a moment in other words is a sustainable or the good news is that they and I think it's against positive news -- still to get through the effects of sequestration. You know which is this kind of federal spending cuts that are that are coming. But again if we get through that period and and -- there is no meaningful slowdown I think people are gonna start to reevaluate it march was great but no matter how good was it was still a bit lower than. The prior three or four months so yeah. I think some of the incentives. Going away flying cars even though the price that people are paying for cars is up a little bit yeah so it it's almost like trade. Copyright and the first two months -- often. Some of the Bessie -- Nextel must regardless of everything else they get -- must might not be as difficult -- and -- I can go well that that the customs -- haven't quite hit across the bold yet yeah right and those of the payroll tax. The people re noticeable. I notices I -- -- -- -- you -- and say maybe they have nice I think you re not sitting pretty nice but it's not the second week in January pride while there's some reason for optimism though which is. But when Clinton we're gonna have to leave it there for now but stay tuned tomorrow for more breaking news.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Breakingviews: Car sales on a roll

Wednesday, April 03, 2013 - 03:24

Top News »

Retirement »

Back to work- in retirement Back to work- in retirement

Wed, Oct 15, 2014 - (2:09)

Investing 201 »

Bond investors brace for the end of Fed stimulus Bond investors brace for the end of Fed...

Fri, Oct 10, 2014 - (4:03)

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

Money Clip »

Will Apple Pay transform mobile payments? Will Apple Pay transform mobile payments?

Thu, Oct 16, 2014 - (2:45)

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Dance of the northern lights Dance of the northern lights

7:37am EDT - (1:08)

Images of September Images of September

Wed, Oct 01, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)