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Top Stories
U.S. Car Sales Climbed 17% in November
NADA Economist: Several Factors Will Sustain New-Vehicle Sales Increases in Future Months
Beige Book: Dealers Show Healthy Sales in Most Districts
Economic Recovery in Full Swing
U.S. Delays Plan for Fuel Mileage Rules
GM Pumps Inventory in Hopes of Strong December
Parties Skirmish Ahead of Tax Deal
GOP Holds Reins in Debate Over Tax Cut Extension
Opinion: Americans Are Missing Signs of Economic Recovery
Top Stories
U.S. Car Sales Climbed 17% in November

Auto makers posted another solid rise in new-vehicle sales in the U.S. in November, lifting hopes for a strong finish to the year, especially with the typically robust holiday sales season looming. (Read more)
Source: The Wall Street Journal

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NADA Economist: Several Factors Will Sustain New-Vehicle Sales Increases in Future Months

McLEAN, Va. – New-vehicle sales, which are a key indicator of economic growth, were strong in November and will continue to show signs of strength over the next couple of months, says Paul Taylor, chief economist of the National Automobile Dealers Association (NADA). (Read more)
Source: NADAFrontPage.com 

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Beige Book: Dealers Show Healthy Sales in Most Districts

Dealers are enjoying more robust results throughout much of the country, according to the latest Beige Book report from the Federal Reserve. (Read more)
Source: Auto Remarketing

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Economic Recovery in Full Swing

Jobs, auto sales, faith in economy rise in Nov.

Jobs are increasingly on their way back, consumers are landing more credit and consumer confidence is lifting. (Read more)
Source: Detroit Free Press

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U.S. Delays Plan for Fuel Mileage Rules

As debate heats up, details pushed back until Sept. 2011

WASHINGTON— The debate over the next round of automotive fuel efficiency increases is heating up as regulators delay for more study an Obama administration plan that a possible new House committee chairman promises to scrutinize. (Read more)
Source: The Detroit News 

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GM Pumps Inventory in Hopes of Strong December

General Motors Co. dealers have bulked up inventory levels to the highest level of the year, betting on a strong sales finish to 2010. (Read more)
Source: Automotive News

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Parties Skirmish Ahead of Tax Deal

House Democrats plan a showdown Thursday on excluding upper-income Americans from the extension of expiring tax cuts, but the vote is unlikely to do anything more than set the stage for a compromise on the issue. (Read more)
Source: Congressional Quarterly

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GOP Holds Reins in Debate Over Tax Cut Extension

Congressional Republicans say they will block consideration of all other legislation — such as unemployment benefits and the Dream Act — until a deal is reached.

A day after agreeing to work with President Obama to end a stalemate over expiring tax cuts, congressional Republicans flexed their newfound political muscle Wednesday, declaring that they would block consideration of any other legislation during the lame-duck session until a deal is reached on the tax cuts and temporary government funding. (Read more)
Source: Los Angeles Times

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Opinion: Americans Are Missing Signs of Economic Recovery

Two out of every three Americans believe the U.S. is a nation on the wrong track, barreling toward a future somewhere between economic disaster and irrelevance. But are they right? (Read more)
Source: Detroit Free Press

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Quotable
 
“Several economic factors, such as an aging U.S. fleet, strong trade-in values and an improving stock market, are helping to sustain new-vehicle sales.
 
    -- NADA Chief Economist Paul Taylor, NADAFrontPage.com, Dec. 2

"We're in recovery mode."

    -- Ellen Hughes-Cromwick, Ford chief economist, on automakers' posting their second strongest sales month of the year in November, which is improving the industry's outlook, Detroit Free Press, Dec. 2

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