Auto sales up, but may not be enough to push big growth

Dec 18, 2011 | 07:00 PM | John Ambrosia

Tags  automotive production, scrap metal producers, scrap metal processors, Dennis DesRosiers, John Ambrosia

The upward-bound numbers in automotive production in 2011 have given scrap metal producers and processors a reason to hope that some daylight might finally be peeking through, at least in that corner of the U.S. economy.

Auto output was on track to total more than 12 million vehicles, well in excess of 10.5 million cars and trucks sold in 2010 and a significant rebound from 2009, when fewer than 10 million vehicles were sold, according to data from the National Automobile Dealers Association. Projections from several leading analysis companies call for sales to rise still further in 2012.....

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