There was much to discuss from the teleconference presentation yesterday by Bill Strauss, senior economist at the Federal Reserve Bank of Chicago, but the most salient point I took away from his presentation was that the SAAR should improve to 11 million to 12 million in 2010. This is despite the fact that the index of consumer sentiments toward buying an auto in the next six months remains somewhat flat (and by flat I mean not strong). One positive for the economy is that there is “lots of stimulus coming,” Strauss said. For a dismal economist, that seems to be an enthusiastic endorsement for the future.
Strauss’s teleconference was presented by AutoFinanceNews.net. To hear a reply of the teleconference, call 712-432-1085, passcode 214724.
