auto sales

China Throws More ‘Stimulus’ At The Wall

By |2019-08-27T12:31:19-04:00August 27th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Earlier this year, Chinese authorities reduced the VAT tax the government charges auto manufacturers. Intended to boost consumption, the levy was reduced from 16% to 13% in the hope automakers would pass along the savings to consumers. Many if not most manufacturers did. The results were immediate, and fleeting. In the month of March 2019, [...]

Dimmed Hopes In China Cars, Too

By |2019-06-12T17:40:03-04:00June 12th, 2019|Markets|

As noted earlier this week, the world’s two big hopes for the global economy in the second half are pinned on the US labor market continuing to exert its purported strength and Chinese authorities stimulating out of every possible (monetary) opening. Incoming data, however, continues to point to the fallacies embedded within each. The US [...]

Auto Sales The Lowest In Half A Decade, Just Coincidence FCA Will Join Ford, GM Ditching Monthly Sales Estimates

By |2019-05-02T17:37:15-04:00May 2nd, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

FCA, formerly Fiat-Chrysler, is the latest automaker to switch from a monthly sales report. Joining GM and Ford, beginning in October all three of Detroit’s big car companies will be publishing quarterly sales figures. The announcement comes at an auspicious moment. As with the other two, FCA claims the change is being done in the [...]

Transparent (Auto)Motives

By |2019-04-03T11:34:41-04:00April 3rd, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Those were the days. The minivan was king, a relatively new phenomenon that domestic automakers were hoping would help them stave off increasing import pressure. In 1990, Chrysler, for example, had used the success of its Dodge Caravan and Plymouth Voyager, along with the introduction of its Town & Country luxury (I suppose) model, to [...]

Getting Back Up To Speed On Loss Of Speed in US Economy

By |2019-02-19T17:37:27-05:00February 19th, 2019|Markets|

For much of 2018, the idea of “overseas turmoil” lived up to its name. At least in economic terms. Market-wise, there was a lot domestically to draw anyone’s honest attention. Warnings were everywhere by the end of the year. And that was what has been at issue. Some said Europe and China are on their [...]

Auto Sales – January

By |2009-02-03T15:59:11-05:00February 3rd, 2009|Markets|

It ain’t pretty (via MarketWatch): With the majority of automakers having reported, the annualized sales rate for the month is poised to break below 10 million cars and trucks, well below analyst estimates. The lowly figures also touch levels not seen since the early 1980s as consumers sit on their cash in the face of [...]

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