From Recession to Recovery for Used Toyota Cars

Recession to Recovery Weiss Toyota Used CarsIn a recent analysis conducted by IHS Global Insight, it was discovered that the return to 2007 employment levels had only occurred in four states to date.  The employment level analysis also showed that there is an expectation for thirteen more states to join this group by the end of 2013.  So, how does auto sales recovery fall into this analysis?  Employment levels are typically considered by economists to be measured by non-farm payrolls.  This is a lagging indicator.  A lagging indicator is an economic factor that fluctuates after a certain pattern or trend is being followed by the economy.  One leading indicator is consumer spending.  This includes auto sales.  Consumer spending proves to be a crucial driver of job growth.  This then has a secondary motivation on consumer spending.  in states that have more advanced employment recoveries the auto sales recovery should also be greater.  In contrast, states with less advanced recoveries will be slower.

States that have come closer to reaching the 2007 peak in auto sales have more recovered employment levels as well.  Seven of the top ten states have or are expected to have reached the auto sales recovery before the post-2014 target.  only one of the bottom ten states are not expected to reach recovery until after 2014.  Although, there are several surprising exceptions.  Four states are currently ranking in the bottom quartile.  There are eight not expected to attain 2007 employment levels until around 2016.  Laggers demonstrated higher auto recovery and progress.  Ohio in particular ranked inside the top ten for auto recovery.

Toyota is excited about the future of auto recovery and our nameplate is proving to overcome any concerns of a downward slope in the economy as a whole.  Not only did Toyota win many awards throughout the 2012 and 2013 seasons, but they prevailed with top sales and top ratings for areas like safety and affordability as well as efficiency…which contributes a great deal to the pocketbooks of Americans.  For more on the auto industry and economic recovery, visit our used Toyota Cars St Louis blog today.



Location: 11771 Tesson Ferry Road, St. Louis, MO 63128, USA

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