There are some encouraging signs in retail sales, but if you look at what the source of consumer spending is, it's really income growth, and wage growth has been lackluster, suggesting the consumer will not be robust going forward.
Anytime you go from higher sales rates to lower sales rates, you're going to have to make some inventory adjustments. And it's clear there's more capacity being aimed at most profitable market in the world -- the North American light truck market. But you could see this coming a mile away. I think we are well positioned.
All our fleet sales are profitable, though daily-rental are the least so. What is Wall Street suggesting, that we stop selling to Hertz, Avis and Alamo? They're customers, and they're not going to fold their tents and go away.
We weren't disappointed on overall sales, but cars did better and trucks didn't do as well as we thought. I think it's more fuel than anything. When you see these very rapid run ups, people get a little cautious.
We're just going to be raising our sales tax out in communities until we can't afford to live here ourselves. The tools are already in place for this county to do the things they're asking to do in this bill.
Last quarter there was $1.5 billion in Linux server sales as an industry, with Linux server revenue growing eight times that of the overall server market at 42 percent, versus five percent growth for the total sever market. That growth was also more than four times that of Microsoft's Windows Server, which gained 10 percent.
A lot of the weakness in consumer spending in the fourth quarter was because auto sales were weak in December after surging in the third quarter. It's important to look beyond auto sales. At least for the first quarter, it's not going to take much for consumer spending to look good.
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One of the issues the city is facing, our sales tax revenue is so low on a per-capita basis - well below any other city in Whatcom County. People go somewhere else to buy things because of limited shopping opportunities in Ferndale.