Diamond Author
During the Bush Administration auto sales were added into retail figures, and I figure this was to boost sagging retail sales figures during the turn of the century when we really needed help with consumer confidence. The auto sales are still in the mix today, even though they are not doing us any favors when judging actual retail sales. One question might be; should auto sales really be thrown into the retail sales mix? Many believe so, as sales tax is charged in each auto sale, and if you keep those numbers out then sales tax does not jive with retail sales figures.
Breaking out the retail sales numbers seems important, and folks should study the numbers much closer when judging the economic turn-around. Further, nothing seems to be a better tell-tale sign of increased consumer confidence than higher-ticket car sales. Too, there is a tremendous number of jobs which become available in the service sector based on car sales - for instance, oil change services, auto detailing, carwashes, aftermarket auto-accessory installations, and the auto accessories themselves; GPS, Satellite Radio, car audio, etc.
Of course, auto sales are hampered by a lack of financing, tightened credit, and a fearful consumer unwilling to take on anymore short-term debt. The uncertainty factor is real, and really serious. Also, until consumers feel their job is safe, and they won't get laid-off like some of their friends may have, you cannot expect them to be out buying cars in droves. High-end luxury goods and big brand expensive products too face that same fate. Please consider all this.
About this Author
Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes it's hard to write 20,000 articles; http://www.bloggingcontent.net/
Note: All of Lance Winslow's articles are written by him, not by Automated Software, any Computer Program, or Artificially Intelligent Software. None of his articles are outsourced, PLR Content or written by ghost writers.
Article Source: http://EzineArticles.com/?expert=Lance_Winslow
