US Consumer React Positivley to Current Events
May 26, 2009I know it is difficult with the majority of the focus on the business of bankruptcy and business failing, but somehow the American public has found the strength and courage to see positive in the future. Not all consumers are excited, noticeably the primarily individuals who are GM bond holders with $27B invested who are proposed to only get 10% of the GM pie while the United Auto Workers Union (UAW) with $20B invested is getting 39%. Political move or fiscal prowess? Over-all, the consumers seem to like it to the tune of effecting the largest jump in consumer confidence in years. Sounds like a great time to buy a new car.
——–
U.S. consumer confidence sees biggest jump in 6 years
NEW YORK (Reuters) – U.S. consumer confidence soared in May to its highest level in eight months as severe strains in the labor market showed some signs of easing, though Americans’ moods remained depressed by historical standards.
The Conference Board, an industry group, said on Tuesday its index of consumer attitudes jumped to 54.9 in May from a revised 40.8 in April, the biggest one-month jump since April 2003. Economists had been looking for a much smaller rise to 42.0.
Fewer Americans said jobs were “hard to get,” the survey found, with that measure slipping to 44.7 percent from 46.6 percent. Those saying jobs were plentiful climbed to a still meager 5.7 percent, but that was still higher than April’s 4.9 percent.
“Consumers are considerably less pessimistic than they were earlier this year,” said Lynn Franco, director of The Conference Board’s Consumer Research Center.
The data was in line with other evidence suggesting that, while the economy continues to contract in the current quarter, the pace of deterioration has abated somewhat.
U.S. stocks extended their rally after the data, with the Dow Jones industrial average up 120 points or 1.5 percent.
The survey offered mixed messages regarding Americans’ propensity to spend money. The proportion of those who said they planned on buying a car over the next six months rose to 5.5 percent, its highest in at least a year.
But fewer intended to buy homes — only 2.3 percent, a tough break for one of the hardest hit sectors in the country’s economic crisis. A separate report on Tuesday revealed U.S. home prices dropped 18.7 percent in March compared to a year earlier.
(Reporting by Pedro Nicolaci da Costa, Editing by Chizu Nomiyama)
——————————————————————–
You can see all the results of recent changes and improvements in Dodge Chrysler Jeep products at Portland’s Best:
Dick’s Country Chrysler Jeep Dodge
767 SW Baseline Rd
Hillsboro OR 97123
503-214-5014
800-783-4891
http://dickscountrydodge.com
http://dicksautogroup.com
The best and #1 rated Portland area Five Star rated Dodge dealer, Chrysler dealer, Jeep dealer near Beaverton Oregon. We have the 2009 Ram and 2009 Dodge Challenger available and instock for sale. Also come and see our Internet Special prices on used, pre-owned and certified vehicles.
We carry SmartWay certified vehicles like the Dodge Caliber, Jeep Patriot, Jeep Compass, Chrysler PT Cruiser, Dodge Avenger and Chrysler Sebring. Click here to search our new SmartWay Certifed Vehicles or here to search our pre-owned SmartWay Certified vehicles. They keep your world green and your enemies more green with envy. You can also checkout our fuel saving technology such as Duel Mode Hybrid, MDS, VVT, CVT and the clean burning house hauling power of the New Cummins Diesel 6.7 Liter I6.
——————————————————————-
Dick’s Auto Group is a dealer group made up of only domestic brands. We have Chrysler, Dodge, Ford and Jeep. Give a call and set a time to come test drive our products and look at the advantage of buying an American automobile.
Dick’s Auto Group
http://dicksautogroup.com
Hillsboro Oregon 97123
888-898-7901
——————————————————————-
You can see all the results of recent changes and improvements at Portland’s best Ford dealer.
Dick’s Mackenzie Ford
4151 SE Tualatin Valley Hwy
Hillsboro OR 97123
800-783-0863
503-214-5029
http://mackenzieford.com
http://dicksautogroup.com
http://mackenziemotors.dealerconnection.com/
Dick’s Mackenzie Ford is the #1 rated local family owned and operated Blue Oval Portland Oregon area Ford dealer near Beaverton Oregon in Hillsboro Oregon. Also, serving the Southwest Washington population. Come and see our Internet Special prices on new, used, pre-owned and factory-certified vehicles or Q Certified Vehicles. We have all models available, 2009 Ford F-150, 2009 Ford Mustang and the money saving 2009 Ford Focus and more. Contact us for a free price quote. We also have Cars, Trucks, SUVs and Crossovers online at http://mackenzieford.com. Search for all new 2008 and 2009 Ford, including E-Series, Edge, Escape, Escape Hybrid, Expedition, Explorer, F-150, F-250 Super Duty, F-350, F-450, Flex, Focus Coupe, Focus Sedan, Fusion, Mustang, Ranger, Sport Trac, Taurus, Taurus X, and for the soon to arrive Ford Transit van. Find your dream car from our Ford showroom of cars, trucks, SUVs and Crossovers or search our new Ford inventory to see what is on our lot, get new car pricing and free Ford price quotes.
We carry SmartWay certified new vehicles like the Ford Focus, Ford Fusion, Ford Escape and other. Click here to check them out. We also carry SmartWay certified pre-owned vehicles. Click here to search our inventory.
We have Employee Price Plus and quick easy financing available with rates as low as 0% available on some models. Experience our fast credit approval and pre-approval process. We use the best banks to secure you your best deal, including Ford Motor Credit, US Bank, Chase, Bank of America, OnPoint Credit union and others. Contact us to get your best car loan in minutes!
Want to see why you should own a Ford? Click here for the Ford Story video on why Ford Motor Company is your car company for the future. Click here to load video on why the Ford F-150 is your truck.
—————————————————————–
Dick’s Auto Group is a dealer group made up of only domestic brands. We have Chrysler, Dodge, Ford and Jeep. Give a call and set a time to come test drive our products and look at the advantage of buying an American automobile.
Dick’s Auto Group
http://dicksautogroup.com
Hillsboro Oregon 97123
888-898-7901
