Things Are Getting Better {Autos}

Below are charts on auto sales and trucks.

Here's automobiles:

Notice that auto sales are back to pre-recession levels.  Also note that autos have probably not been this affordable in years.  Those low rate or zero percent financing deals means that the cost of buying a car has declined by several thousands of dollars.  The price of gasoline stabilizing helps the average car owner's wallet.  Finally cars today are simply more fuel efficient.  I bought a new car this year that replaced our old mini-van.  It gets 33% more miles to the gallon in both the city and country.  That is almost the equivalent of a car payment every year in terms of savings.

*Data comes from the St. Louis Federal Reserve.  You can double click on the charts if you want to make them larger.