Welcome to the Jill On Money Coronovirus Market Update. It is Saturday, June 20th, and we have a special guest for you. We're going to have two

interviews that we put into your feed today and tomorrow with friend of the

podcast Mike Quincy he is an automotive writer from Consumer Reports,

so happy that we got you on, Mike, because the car universe is changed very dramatically along with everything else.

So thanks for coming back on the show with us, Mike.

It's my pleasure. Usually we get together on the New York Auto Show but since that was

cancelled well we have to improvise exactly well I was just looking at the

retail sales report that was came out this week and looks like the car business did just fine.

Motor vehicle and parts dealers saw a 44% increase in May in sales from the previous month. Now does that jibe with what

you were hearing that things were pretty dead for the March-April period but May things

picked up is that what you were hearing that's definitely what I'm hearing but you kind of take that

number with a grain of salt because March and April were pretty bad.

So any couple extra sales are definitely good for dealers and some of the reports that I read suggested that dealers were actually worried about running out of inventory, believe it or not.

When you think about the automotive factories and the suppliers that were basically dormant for maybe a month, month and a half,

that really slowed the trickle of inventory to dealers.

And so some reports are saying, you know, I'm just afraid of running out of stuff to sell.

That's definitely been the case for dealers that specialize in like pickup trucks.

So are trucks still where the action is in this country? Trucks have always been where the action is in this country.

Trucks have always been where the action is.

When you think about it, even before the pandemic kicked into gear,

there were people that were kind of on schedule

to buy a new truck. a lot of these are for contractors

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