Saturday, February 2, 2008

Car Sales

Well, I don't particulary pay a ton of attention to many industry-specific statistics when I wonder about where the economy is heading, but Jim Hamilton (of Econbrowser fame) does. Specifically, he has a regular feature where he talks about car sales.

Were he living in Vancouver instead of San Diego, he might be pretty happy about the very strong data on January car sales.

Note that we're talking January 2008. I have no idea how the data were compiled that quickly, but I award props for doing it that fast. Since the US only really started talking recession in January, this might be a better indicator of how much Canada cares than would be the just-released November GDP data.

Apparently, we don't care much.

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