Mixed messages … again.
The National Association of Realtors’ seasonally adjusted index for pending sales of existing homes increased 8.2% in May, the strongest monthly gain since last November.
“However, many economists caution that the housing market is a troublesome part of the economy,” reported The Wall Street Journal on June 29. “Foreclosures continue to depress home values and sales levels remain historically weak. Many housing markets face a backlog of foreclosed houses that have been delayed by banks’ difficulty processing paperwork used to seize properties.”
May and June car sales (used and new) moved somewhat sluggishly in some areas but significantly so in some parts of the U.S. and Canada (Jeep and Ram sales, for example, jumped).
Plus durable goods orders rebounded in May.
And June unemployment dipped a bit as fewer people filed jobless claims.
Still, consumer confidence hit a seven-month low, Bloomberg reported.
So, what effect are you seeing from all of this in your aftermarket business?