Page 3 - Sales Pace News Today : Breaking News, Live Updates & Top Stories | Vimarsana

What's going on with car sales. >> you're right. we saw u.s. auto sales continuing to accelerate in february. total industry sales rose nearly 16% from this time last year. the sales pace, in fact, at its highest level since february of 20 2008. coming in at 15.1 million units. for much of 2011, the auto industry was a bright spot for the overall economy. we hope that will continue to be the case. we have seen a lot of investment, as well, by the big three in detroit in small cars and in fuel economic cars. so naturally, that's an area that a lot of people are migrating to. >> thank you. have ...

Now this? >> the sales pace, that's what they measure each month, the sales pace will be 11.5 million. it has been in that range for several months. we have sideways sales because there's nothing in the economy that is pushing people and pushing demand. as a result, it is hard for the dealerships to bring people in and convince them to sign up to buy a new car and take out a lope for three, four or five years. and the significance of the auto sales in august being their weakest since 1982 is that august is a high volume month in the industry. if we were talking about weak sales in february, pe...

The host of the willis report, how did the congressman boehner suggest changing the climate? >>reporter: he wanted to keep the bush tax cuts and make sure congress does not cut jobs. let's keep things status quo, and do not go after initiatives that cost money or will cost people money. dollars out of their pockets. or jobs. sheriff deputy the >>shepard: the other side says we have to do something. >>reporter: look at the spending, stimulus, $787 billion. tarp, $598. $284 to unemployment benefits. we had to pay because no one can get a job. with $1.7 trillion is that >> i have just been hit by...

Level in 15 years. it would now take more than a year to sell off 4 million unsold homes on the market at the current sales pace. wall street did not take that well. the dow closed down for a fourth straight day losing 134. the s&p 500 dropped 15.5. the nasdaq gave back 36. the economy was suggest of political stage craft today. a man who could conceivably have more power to yield after the november election had advice for the president. prompting a vigorous defense from the administration. correspondent steve brown has most sides of the story. >> we tried 19 months of government as community ...

Reported feeling their hotel work space sway. there are no reports of injuries or major damage. and more than 600 people are missing and 42 dead in the wake of flooding in brazil. the heavy rain started last week and has damaged thousands of homes and displaced more than 30,000 people. the brazilian president will tour the affected areas tomorrow and the government there has pledged more than $150 million to help with the rebuilding. new home sales have reached a record low. numbers last month snapped a two-month streak of gains declining 32.7%. this is the slowest sales pace since data trac...