With auto sales reaching levels near the pre-recession highs of 2007, many people are asking, is this a sign of economic recovery? In this video, Motley Fool financials analysts Morgan Housel and Matt Koppenheffer discuss how, despite the fact that unemployment remains high, the average age of cars on the road is reaching historical highs -- 11-12 years old, on average. What does this mean? Even  though people may want to wait on that new car, there comes a point when you just can't wait anymore.

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The article Why Auto Sales Are Booming originally appeared on Fool.com.

Fool contributor Matt Koppenheffer has no positions in the stocks mentioned above. Fool contributor Morgan Housel has no positions in the stocks mentioned above. The Motley Fool owns shares of Ford. Motley Fool newsletter services recommend Ford and General Motors Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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