This morning, Acting U.S. Commerce Secretary Rebecca Blank delivered remarks at the National Automobile Dealers Association Legislative Conference. In her remarks, the Acting Secretary discussed how the Obama administration is working to strengthen the U.S. automobile industry, grow the economy and create jobs.
New car sales are beating expectations, having just seen the best August sales since 2009—nearly 1.3 million cars and trucks were sold last month. So far this year, sales for new cars are up 20 percent and sales for light-duty trucks are up more than 10 percent. Blank noted that, compared to the lowest point in 2009, the number of people employed in auto dealerships has risen by more than 85,000.
She also highlighted Cash for Clunkers, a $3 billion investment that stimulated our economy at a critical time when we needed consumers to go ahead and buy new cars, instead of holding back. Not only did Cash for Clunkers help auto dealers get through a tough patch, but it also helped auto manufacturers and suppliers who were struggling to keep their workers employed and put safer, cleaner cars on the road.