Tag Archives: automobile sales

Car dealers rescue the economy

Among the interesting bits of news in the spring economic forecast released today by the University of Tennessee is this: Car shopping is hot.022611auto5_asb_14557.jpg

Wow. Who would have thought car dealers would rescue the economy.

Taxable sales in Tennessee will see strong growth this year and auto “sales will be a major driver with fiscal year growth of 12.6 percent. On a calendar year basis, sales are expected to advance 4.8 percent in 2011. Automobile sales, along with purchases from manufacturers, will show the largest gains over 2010.,” says the spring 2011 Tennessee Business and Economic Outlook produced by the UT Center for Business and Economic Research.

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Fed report: Regional economy improving, credit still tight

The Federal Reserve’s first Beige Book of 2011 paints a generally optimistic picture of the
PAULSON+MONEY.jpgnational economy.

The economic survey released on Wednesday shows positive trends developed in the final months of 2010 for manufacturing, hiring and consumer spending. The housing market remains troublesome.

That’s the national picture. But let’s take a look at the regional outlook. It’s a little less rosy, but not horrible.

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