According to data released by theU.S. Department of Commerce, automotivespending declined a bit in August to justahead of the 2014 level for the same month.This was in line for with our expectation asFederal Reserve data suggested lowerlevels of spending. According to an articlein Bloomberg however, auto salesaccelerated more than expected inSeptember, aided by cheap credit, gooddeals and relatively low gasoline prices. Theannualized rate reached the fastest pace inmore than 10 years.
展开▼
