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According to the Census Bureau, auto sales in the US may be on the upswing. Rising 6.8% year-over-year in August, it was the highest rate in nearly three years for retail sales of automobiles. This follows an upward revised 6.3% increase during July, the best back-to-back months in the beleaguered sector since the end of 2016.
Are auto sales experiencing a rebound in the second half of 2019, just as Jay Powell has been predicting for the overall American economy? Or is it just another short-term fluctuation, the natural ebbs and flows in any economic