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The stock market may have recovered from its March lows, but auto sales haven't bounced back.April's annualized selling rate remained well under 10 million units, a far cry from the 14.4 million figure of a year ago.
The stock market may have recovered from its March lows, bouncing back to its (still rather pathetic) start-of-the-year levels, but with no commensurate relief in the jobs market (as more companies -- even seemingly healthy ones -- join in the layoff spree), there has been no recovery in auto sales. April's annualized selling rate remained well under 10 million units, a far cry from the 14.4 million figure of a year ago.
Photo Gallery: 2009 April Auto Sales - Car Sales Analysis - Automobile Magazine