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May Car Sales Keep Up Healthy Pace

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Auto sales in the U.S. reached 1.33 million vehicles in May, a 25% increase over the previous year, with the previous years figures skewed by the tsunami in Japan and shortages for Japanese manufacturers. The seasonally adjusted annual sales rate was 13.8 million vehicles. Employment increased to 644,000 workers in the U.S. auto industry, an increase in the first quarter of 2012 of 6% over the prior year, according to Bureau of Labor Statistics. The basic reason for the increased demand is the aging of cars on the road to about 10.8 years, according to vehicle registration information.

Rebound in sales and employment in the U.S. auto industry 2011-2014

06/01/2012

Employment in the U.S. auto industry increased to 644,000 workers in the first quarter of 2012, an increase of 6% over the prior year, according to the Bureau of Labor Statistics.

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U.S. Economy Begins to Hit Growth Stride

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U.S. Starts to Hit Growth Stride

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