Commentary on Auto Industry Conditions
Two factors which are essential to vehicle sales—wages and employment—have been showing gains over the last several years and continue to show improvement, according to Michael Guckes.
Michael Guckes, senior economist at Gardner Business Intelligence, the research and market intelligence division of Gardner Business Media, reports on the present and future automotive industry conditions in his latest article.
“Two factors which are essential to vehicle sales—wages and employment—have been showing gains over the last several years and continue to show improvement. With the current unemployment rate of 4.5 percent and businesses reporting that it is becoming harder to find workers, we can expect to see more potential workers coming back into the employment picture and wages to increase,” Michael says. “These factors should support healthy auto sales this year.”
To read more about what Michael projects in the year ahead in auto sales, visit “The Present and Future Automotive Industry Conditions: A Commentary.”
