Auto sales in the U.S. soared to levels not seen since the financial crisis.
This is great news for the precision machining industry, as Automotive is the single largest market served by our industry.
U.S. buyers bought some 1.5 million cars in August, resulting in a 17% increase over sales figures one year ago.
Moreover, the sales were spread across most manufacturers –domestic, new domestic, and foreign- and include increases in light trucks, compact cars and, electric vehicles.
The seasonally adjusted production rate for August pushed beyond 16 million units and some analysts believe that rate will be held throughout the remainder of 2013.
While not current, the graph above tempers this good news with a comparison of how far the market still has to grow to pre recession levels.
Flying car photo courtesy Popular Mechanics Story Top 10 Attempts to Build a Flying Car
Compiled from press reports.