By on February 21, 2020

Forgive us for mentioning the coronavirus, or whatever it’s called now, once again. As the highly infectious illness spreads in China (and now South Korea and Iran), a staggering piece of data shows what happens to a country’s auto sales when the one-party state won’t let citizens leave their home. (Read More…)

By on April 12, 2019

China’s auto sales declined for the ninth consecutive month in March, further proving that the market isn’t as infallible as once thought. The assumption was that, as North America surpassed peak growth and flattened out, Chinese auto sales would continue an upward trajectory. But, while China did surpass the U.S. in becoming the world’s largest auto market, it’s not living up to its billing as a golden goose.

That’s not to suggest the U.S. is about to stand triumphantly atop that mountain. Automakers are issuing profit warnings for 2019 and Moody’s Investors Service expects light vehicle sales to fall 1.2 percent this year.

“The accommodative financing environment that had helped buoy U.S. car sales is receding. Maintaining operating and financial discipline will be crucial [for 2019],” the bond credit rating business advised. (Read More…)

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