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(Reuters) - Major automakers on Tuesday reported weak U.S. sales for March and the first quarter, citing a rough start to the year, but said a robust economy and strong labor market should encourage consumers to buy more vehicles as 2019 rolls on.
Quote:
Overall, U.S. new-vehicle sales are expected to decline in 2019 after a long bull run since the end of the Great Recession, led by falling passenger car sales. Competition in the high-margin SUV market is intensifying.
"Passenger car sales suffered.." but it was largely because people were trading them in on larger SUVs and trucks.
Short-term trends like this mean very little. My guess is that, due to the price of gasoline going up almost $1 per gallon in the last month, we'll start seeing an increase in small car sales.
"Passenger car sales suffered.." but it was largely because people were trading them in on larger SUVs and trucks.
Short-term trends like this mean very little. My guess is that, due to the price of gasoline going up almost $1 per gallon in the last month, we'll start seeing an increase in small car sales.
And Tesla sales drop the biggest they ever since they have been in business.
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Actually auto analysts, the dealer organizations, and the manufacturers are expecting auto sales worldwide to slump significantly in 2019. In the US alone they are expecting to see in the range of 14 million cars and light trucks, down from 17.1 million last year.
Pretty biased report. It’s passenger car sales. We all know passenger cars are falling out of favor with buyers
I don't understand how the report is bias. It says declining sales where led in large by declining passenger car sales but in general sales were down across the board and expected lower overall vehicle sales for 2019.
If sales where strong for vehicles overall the decline in passenger cars would be made up by CUV, SUV, and truck sales increasing.
Trumps plan might make things worse for GM and other manufacturers.
" President Donald Trump on Thursday threatened to impose tariffs on vehicles coming into the United States from Mexico if authorities there did not halt the flow of drugs and migrants across the border."
Trumps plan might make things worse for GM and other manufacturers.
" President Donald Trump on Thursday threatened to impose tariffs on vehicles coming into the United States from Mexico if authorities there did not halt the flow of drugs and migrants across the border."
While I am absolutely not saying the tariffs would be a good thing, the threat of them could help boost sales up in the short term amongst buyers who would otherwise wait on a purchase. Given a choice no one wants to pay more than they have to.
What is happening Q1? Tax returns.
What happened with taxes? Tax reform.
Lees tax returns = less purchases, cars included.
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