U.S. Automakers Post Best Month Since 2008

Sales of Ford pickups and Caddillacs show consumers are more confident about their jobs.
0:56 | 06/04/13

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Transcript for U.S. Automakers Post Best Month Since 2008
To josh with the other top stories. Our money, on wall street to fight very weak economic report, STOCKS AND OUR 401(k)s JUST GOT Another boost thanks in part to encouraging news from detroit. Abc's rebecca jarvis here with those details. We like the sound of that, josh. The u.S. Auto industry has just posted its best month since the great recession. Take a look at this. Sales of ford pickups are up 30% and general motors' cadillac enjoyed its best month since 1976 with sales up nearly 40%. Nour, gm is now rejoining the s&p 500 index. That's a major milestone since the taxpayer bailout. What's going on here exactly? Well, consumers are feeling more confident about their jobs. So they're heading to the dealership. They can also get cheap financing and their current cars are getting old, so they're trading them in and, josh, wall street is watching. Good news all around.

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