Auto Outlook: Is the Engine Idling or Stalling?
On June 2, the Federal Reserve Bank of Chicago held its second annual Auto Outlook Symposium. This year's program reassessed the health of the auto expansion. The recent sluggishness of auto sales dominated the program and led to discussions of short-term and long-term influences on sales. Expectations persisted of a rebound in sales from current weak levels, and the general tone of the meeting was cautiously optimistic.