Auto Market in the U.S.A.

Paper Summary:

This paper explores the automobile industry in America as a barometer for the economy in general. The writer provides statistics to show that the year 2000 was no exception to this rule; auto sales followed the bullish U.S. stock market to unprecedented heights, only to cool off as interest rates hiked up, the Dow Jones and the NASDAQ grew more volatile, and gas prices skyrocketed. The paper concludes that the crux of the matter is the consumer. When the economy moves in the right lane, so the consumer is happy, and therefore so is the auto industry.

From the Paper:

"By January of 2000, it was time to assess the year past and future. Automakers in 1999 had sold a record 16.9 million cars and light trucks, outpacing by a wide margin the previous 1986 record of 16 million. Bob Rewey, Ford Motor's vice president for global consumer services, summed up the auto industries party-line, stating that "A strong economy, confident consumers and innovative products were the major factors driving sales and earnings in 1999.""

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