Auto industry poised for growth

U.S. auto sales are headed for a second straight year of growth, after hitting a 30-year low in 2009.

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U.S. auto sales are headed for a second straight year of growth, after hitting a 30-year low in 2009.

The sales forecast bodes well for the industry’s continued recovery and for the broader American economy.

Now credit is more available, interest rates are low and Americans need to replace old cars and trucks they kept during and after the downturn. Millions of drivers in their teens and 20s are expected to buy vehicles, too. That could mean more jobs, more factory shifts and overall growth.

Read more at OregonLive.com.

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