“Davidson” submits
Auto&Lt Truck Sales were reported today for Sept 2012 reaching a 4 ½ high of 14.87mil SAAR(Seasonal Adjusted Annual Rate). Lt Vehicle sales trends historically are a good forecast of employment trends and economic activity 6mos-9mos ahead.
Today’s report at its simplest is very positive for equities ($SPY) in the months ahead. Based on historical trends, it is likely that Lt Vehicle sales could rise to between 16mil-17mil SAAR and hold at that level for 2yrs+.
