Skol,In regards to rising auto sales in the US you need to break...

Skol,

In regards to rising auto sales in the US you need to break down the figures a bit more.In 2009 there were 10430752 million new vehicals sold.In 2010 there was 11588784 million vehicals sold about an 8% increase not bad on paper.
When you break down the figures again 6360948 mill cars were imported and only 5227836 were assembled in the US.
I say assembled because a lot of the parts are made in Asia.These figures are still a far cry from the record set in 2006 of 17 million new vehicals.
Also one must ask where did the money come from to buy all these cars? Sadly most of this money would have come from auto loans not from hard work and savings something that is badly needed in the US.
This should do a world of good for the US current account deficit which has been the problem all along.

http://www.bloomberg.com/news/2010-12-16/current-account-gap-in-u-s-widened-in-third-quarter-on-rise-in-imports.html