Exact(2)
Some investors view the industry as a bellwether for the economy because sales generally rise alongside improving consumer spending.
"They're a great company in terms of leverage to an improving economy and improving consumer spending, and they have pricing power, which is very important," say Rudman.
Similar(58)
Surely we've seen the power of education to improve people's lives, improve consumer spending, and grow the economy.
The best way to improve consumer spending is to give money to people who will actually spend it.
But could improved consumer confidence actually translate into improved consumer spending, which could help stimulate the economic recovery?
If the savings rates were to sharply improve, consumers would spend much less.
Housing construction and home prices improved, while consumer spending increased in most districts, fueled by rising car and truck sales.
And Mr Montoro refuses to increase sales tax.As jobs return, a virtuous cycle of improved confidence, consumer spending and faster growth could begin.
It ridiculed concerns that cutting spending in a slump would worsen that slump, arguing that spending cuts would improve consumer and business confidence, and that this might well lead to faster, not slower, growth.
Improved consumer confidence will also lead to higher spending.
"With the continuing improvement in consumer spending, and improving profitability of these businesses, we're beginning to see a significant influx of small-business buyers to Chevrolet showrooms," said Don Johnson, vice president of U.S. sales operations at GM.
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