J.D. Power Says Things Are Becoming Less Terrible

car sales

Vaguely good news from J.D. Power and Associates this morning: car sales are slightly less abysmal! To be sure, retail sales are down from 2008, and July 2009 retail sales are on-track to clock in 4% below June. However, fleet sales are up, so everything balances out, and the seasonally adjusted annualized rate remains at a low-but-manageable 10 million units. At least that's what we think J.D. is saying. You know, math is hard. [PRNewswire]