Auto sales at these monstrous levels, these gargantuan levels, cannot be sustained. They will come back to normal levels.
It's largely reflecting the time constraints on the part of shoppers. Doing all the test-driving and research at auto dealers means that they are not at malls and department stores and restaurants.
I fully expect the economy to bounce back strongly in the first quarter. Auto sales will be stronger and inventories are still very lean, which points to a better first quarter.