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Jim wrote....
<Another reason for lower Auto sales has been a very large increase in
demand for SUVs and trucks, forcing manufacturers into the rebate deals
on cars. Re lease end sales, if you turn your leased vehicle in you are
likely to require a replacement. How does the leased component fit into
the auto sales figures? >
True, if you lease a car and turn it in you lease another. The impact comes
when I turn in my car after a 24 month lease and now that used car which is
still under warranty has to be sold. Because of the large number of cars
coming off leases, the used car market will experience weakened pricing.
This makes the used leased car more attractive to a new car buyer. And the
used leased car is still under warranty. A full sized upper end car is more
attractive when it comes off lease than a new lower priced car.
<How much of an effect would you suppose technology has had on productivity?
I think it is rather large.>
It has made a tremendous impact. So far corporations have been able to
offset wage increases and other labor costs through increased productivity.
But there has to be a limit....I just don't know where it is yet.
Technology has made a a highly competitive and efficient economy. But all
the while, technology in and by itself has become extremely competitive. The
K-6 chip is very good...Intel better watch out. But this all makes for a
better world.
I just wanted to stir up some thoughts. At least I did yours. Thanks....
Jerry
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