Are you better off than four years ago? American automakers are better off.
August sales ran at an annual pace of about 14.5 million vehicles, automakers and analysts said.
General Motors Co. said its U.S. sales rose 10% to 240,520 in August compared with the same month a year earlier.
Ford Motor Co. reported that sales increased 13% to 197,249 vehicles as shoppers gravitated to smaller cars. [...]
Chrysler Group said its sales rose 14% to 148,472 vehicles compared with the same month a year earlier. It was the automaker’s best August sales since 2007. Chrysler’s gain was driven in part by sales of its new Dodge Dart compact sedan. Ram truck sales also were strong.
And it’s not the super-rich who are buying Dodge Darts and Dodge Rams. It’s average consumers in the middle and lower class. The real job creators.
Here’s your obligatory Mitt Romney column “Let Detroit Go Bankrupt.”