Word: long
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...soon, I would. I thought I knew what to expect. For I've been playing with Apple products for a long, long time...
With help from big incentives from Toyota and broadly stronger demand for vans and pickup trucks, sales of new vehicles leaped nearly 27% in March compared with the same month last year, as the auto industry began to show signs that it is emerging from a long slump...
...Nevertheless, analysts are cautious about calling a definite end to the industry's long dry spell. "April is typically a slower sales month than March, and we're already getting signals that some automakers will extend their incentives," notes Edmunds analyst Jessica Caldwell. Moreover, despite the big gains reported by many automakers for March, the seasonally adjusted rate of auto sales came in at about 12 million units, a bit less than the more-optimistic forecasts. (See GM's great hopes...
...longer-term worry is that the Great Recession seems to have put a crimp in Americans' long-standing love affair with the automobile. R. L. Polk & Co., of Southfield, Mich., reported this week that the number of cars and light trucks scrapped in the 15 months from July 1, 2008, to Sept. 30, 2009, "substantially outnumbered" new vehicle registrations. Polk's tally for the 15-month period shows that 14.8 million vehicles were scrapped, while registrations of new vehicles totaled 13.6 million. That suggests that families may be downsizing from three cars to two or even fewer and escaping...
...reform throughout the continent, which is why the U.S. and Asia, both more flexible, will emerge more quickly from the Great Recession. In Brussels, Merkel grabbed leadership by insisting, "No, we won't!" Now, if she would only pull it off at home by prodding her resistant electorate toward long-overdue economic reform, with the cry of, "Yes, we should!" Alas, to nix is easier than to nudge...