Filled up the tank lately? I have, and it's nice to see the cost of gas has come down a bit. I wouldn't call it a huge drop, but enough that it's noticeable.
I bring this up because August auto sales come out tomorrow (Wednesday) and once again we will hear questions about when SUV and pick-up sales will come back.
While we still can't say when that market will firm up, there are some encouraging signs for the Big 3 and Toyota, who all count on SUVs and pick-ups for big business.
From talking with dealers, I get the sense sales have stabilized a bit. They are still well off last year's pace, but the rate of decline looks to be about the same as July. This indicates we may finally be building the bottom auto dealers and automakers need. Noboday in the business believes SUV sales will bounce back to where they were a few years ago, but at last there may be some people looking to buy these vehicles.