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The second quarter for the 2017th year started not so bad, after car makers showed disappointing sales results for the first one. That could’ve been a warning for other types of spending, but a late recovery helped stocks avoid bigger losses. Stocks tumbled in morning trading after automakers including Ford and General Motors said passenger car sales slumped last month. Auto parts and rental car companies also tumbled. Spending by shoppers is a critical part of economic growth and investors found themselves wondering if spending will keep growing as it has in recent years...
What’s the most important US economic data which will get revealed next week? Of course that’s U.S. auto sales for the third month of the this year. That’s how we will release what really consumers are up to, and if the stock market had a rough ride in 2017. What do we expect? Specialists say we must wait for another solid month of sales of 17 million new cars at a seasonally adjusted rate for March, but nothing like those 18.4 million we got in December. The number would however point to a third consecutive decline on a 12-month rolling basis. With sales peaking ...
March U.S. auto sales are expected to approach a record for the month, and account for the first year-over-year increase in monthly sales so far in 2017. New-vehicle sales in March should top 1.6 million, the highest for the month of March since 2000. The forecast is based on online auto shopping behavior through the first part of March. Automakers in the U.S. market are scheduled to announce March and first-quarter sales on Monday, April 3. Forecasters said the March increase should mean that U.S. auto sales for the first quarter would be about even with the first quarter of 2016. ...
As U.S. auto sales have peaked, competition to finance car loans is set to intensify and drive increased credit risk for auto lenders. Analysts say that that the combination of plateauing auto sales, growing negative equity from consumers and lenders' willingness to offer flexible loan terms is a significant credit risk for lenders. Motor vehicle sales have boomed in the years since the Great Recession. U.S. sales of new cars and trucks hit a record annual high of 17.55 million units in 2016. It is expected that U.S. new vehicle sales will decline slightly to 17.4 million units ...
We knew that Donald Trump is somehow pressing U.S. automakers to build new factories and offer more jobs, but he may have to settle for plant overhauls and incremental job expansions such as Ford Motor Co.’s planned $1.2 billion investment in three Michigan factories that’s expected to create at least 100 jobs. Trump pushed automakers during a roundtable in Ypsilanti Township earlier this month for more U.S. plants, and in a speech to autoworkers the same day he said plants are coming back — other plants that were expected to be built in other countries are not being bui...
