The automotive industry is really performing well in the United States as pent up demand is meeting new more fuel efficient car models. The average age of cars in use is in excess of 10 years so it makes a lot of sense to see sales increase, and I think that this is the beginning of a solid cycle over the next several years. It’s truly amazing to see the progress that Chrysler in particular has made basically coming back from the dead. Sergio Marchionne doesn’t get nearly enough credit for the phenomenal job that he has done!
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