"6:55AM AutoNation announced that its total retail new vehicle unit sales in March 2013 were 27,199, an increase of 7% YoY (AN) 44.09 : Co announced that its total retail new vehicle unit sales in March 2013, as reported to the applicable automotive manufacturers, were 27,199, an increase of 7% as compared to March 2012. Same-store retail new vehicle unit sales in March 2013 were 26,441, an increase of 4% as compared to March 2012. Total retail new vehicle unit sales for AutoNation's operating segments were as follows:
8,448 for Domestic, up 6% versus March 2012,
13,789 for Import, up 4% versus March 2012
962 for Premium Luxury, up 15% versus March 2012."
I am glad that I bought new /auctioned liquidation vehicles at peak of crises . New trucks are ridiculous .
you are right on ! the average age of cars had gone way up to something like 11 years .
This could also mean after one or two years of volume and of course these low rates car sales most likely will dive.
That is the reason that I have a 1% in SWC (an American miner of palladium and platinum). Pollution is terrible in some cities in China. Of course in America, we are required to have either metal in every car manufactured.