Auto Sales and Credit Supply
Federal Reserve Board,
2014
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Recommendation
When the US economy catches a cold, car sales end up in the emergency room. Recessions are especially tough on auto sales, which typically correlate to credit availability, interest rates and consumer economic sentiment. That may seem obvious, given the auto sector’s impact on the US economy, but this report from Federal Reserve economists Kathleen W. Johnson, Karen M. Pence and Daniel J. Vine offers an intriguingly nuanced look into car buyers’ decision making under various economic conditions. getAbstract recommends this scholarly report to investors and economists seeking insight into the psychology and economics of auto sales.
Summary
About the Authors
Kathleen W. Johnson, Karen M. Pence and Daniel J. Vine are Federal Reserve economists.
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