USD in the News

TitleAuto Sales Zoom To Pre-Recession Pace
News OrganizationUT-San Diego

UT-San Diego--

...Alan Gin, economist at the University of San Diego, said increasing auto sales are a sign of confidence in the economy.

"Usually people can't pay cash for cars," he said. "It involves some sort of loan, and you're not going to take on loans if you're worried about your financial or economic situation."

Gin said he believes the recent federal government shut down and furlough of civilian employees may have put off some sales over the past month, but those would be made up in the future as the workers receive their back pay... (Full Story)