2020 is shaping up to be nothing short of a complete and total meltdown for the U.S. auto industry.
The industry was already barely holding on by a thread before the coronavirus pandemic started, with China leading the rest of the globe's auto industries into recession over the last 18 months. Now, in a post-coronavirus world, automakers in the U.S. are expecting nothing less than full collapse.
And the things that were barely holding the industry up to start 2020, namely low rates and modest consumer confidence, don't matter. Businesses are closed, would-be buyers are strapped for cash and the country's economy has simply been turned off. The industry's annualized selling rate could slow to 11.9 million in March, according to Edmunds.
Jessica Caldwell, executive director of insights for market researcher Edmunds, told Bloomberg: “The whole world is turned upside down right now.”
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24 comments:
nancy an the boys will stop at nothing they will kill to get Trump out no holds bared. THEY HAVE THE CURE YOU DONT WAKE UP PEOPLE
Time to make my move ! Lol
GOOD! It's time to reel in these big corporations and their drunken sailor spending mentality
It’s a terrible thing, but when we come out of this, there are going to be deals to be had everywhere as companies and businesses try to jumpstart their cash flows.
Same in the housing market, NO sales. Nobody is interested in making any purchases at this moment. No cars, houses, appliances, furniture, clothes, or travel. This will continue for sometime. The only things people are interested in buy at this moment is food and toilet paper.
Nancy and Co have had red in their eyes since 3 1/2 yrs ago, will wake up from their hatred/blindness after Nov elections and say: Whaaaaaaa happened????
Good maybe cars will be cheaper
Some people thrive on uncertainty and profit from it.Some don't.
1:39- Who the hell are you talking to? Also, what is their "cure?" Your statement is as ridiculous as your grammer. Wake up!
They should have PLENTY in the Bank after all the RAPEING of us all for
years every time you bought a vehicle !!!
NO More Bailouts for them like Obama did !!! NOW is time to Bail US OUT !
The Dealers who Rip off everybody have all nice NEW buildings to show
they have plenty of $$$. Don't cry to me !!!
They deserve to be stuck with all their Overpriced Vehicles !!! KARMA !!!
Now, their Infamous Finance Depts are screwed !!!! LOL LOL
maybe they should sell inventory at cost until current inventory is gone
Dealers need to include a free pack of toilet paper with every car purchase.
Unfortunately, there will be much panic by July. This will go on and on. Several big cities are just starting to ramp up with the virus. Los Angeles, Chicago, Detroit, New Orleans. Get the picture. There will be riots as supplies run out.
Toilet Paper is better than a stupid FROG !!!!
Maybe pickup trucks will be affordable again.
3:06 spot on you can only wipe yourself so many times with that frog.
Liking that sell all vehicles at cost to clear inventory.
Yet Car Salesman are still Essential in Maryland LOL! What a Joke!
Everyone who ever bought a vehicle GOT SCREWED !! FACT
It should be ILLEGAL what the car Dealers get away with !!!
I don't care about their dirty asses , they are Criminals !!! Period
They get enough Kick-backs to Bail Out Themselves !!!! Not my $$$$
And there lying service writers who con older people into all this B.S. maint and repairs to these vehicles which they do not need. RT 13 North is nothing but expensive boutiques that treat there lower employees like crap.
I wouldn't even consider dealing with the frog dealership.Years ago i told them to give me their best price and another dealer beat them by $3600.00.SAME STICKER PRICE --Then they offered to beat the offer by $50.00. I TOLD THEM TO GO TO HELL.
The criminal bastards are desperate. Bwahahaha!!!
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