Monday, January 04, 2010

Auto Industry may have some kind of Revival in 2010

2009 had been a pure disaster in every way for the US auto industry. Even foreign companies like Toyota suffered in the US market. The reason is plain and simple- economic recession. Well, it seems that the worst is really over and 2010 will be a better year. There is a reason for this kind of optimism. In December, car sale has been good and many dealers are happy. The figures for December 2009 are supposed to come out tomorrow. The early signs are good.
USA is still the largest auto market in the world and the most important market too. Well, I am concerned about one thing. In the last few months, US government poured a lot of money in the economy to take it out of the recession. Surely, in 2010, it will not continue and that is why, I am worried for the auto industry evening 2010.