Auto Sales Soar in August- Good News For Precision Machining

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.

Auto Sales Soared in August 2013!

Auto Sales Soared in August 2013!

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.

Highest level since the recession...

Highest level since the recession…

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.

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