Anand Dookie
All posts from Anand Dookie
Anand Dookie in Anand Dookie,

U.S. Auto Sales Jump, Big


There is a correlation between home sales and auto sales, when home sales increase so does auto sales.  Reports out today show a dramatic increase in light vehicles sales, up to its highest level since May 2007. In August consumers purchased 1.5 million new vehicles e, this number is expected to increase once new models are introduced this fall.

This is good news for America’s auto giants like General Motors (NYSE:GM) , Ford (NYSE:F), and Chrysler. Yesterday General Motors stock made a significant jump as reports of high sales volumes were released. Given that home sales and auto sales tend to move together, investors should keep an eye on REITS, these all you to take advantage in an improving housing market without actually owning a house.