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Old Yesterday, 11:31 AM
 
Location: Kansas City, MISSOURI
9,536 posts, read 2,912,089 times
Reputation: 7310

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Quote:
Originally Posted by chucksnee View Post
Over the road truck sales are down....lol.....So?


And then we have this:


https://www.autonews.com/sales/light...d-69-us-market
Uhhh ....

1. Light trucks are things like pickup trucks. Heavy trucks are things like semi's. Different things.
2. A percentage market share has nothing to do with absolute #s of sales. I can't believe I even have to explain this. Sales of some item could go down 50%, but some sub-segment of that item's share could rise from 40% to 60% while that's happening. So what? Absolute sales are still going down.

I can't believe I even have to explain that!
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Old Yesterday, 11:34 AM
 
32,717 posts, read 26,795,170 times
Reputation: 19350
Quote:
Originally Posted by Pilot1 View Post
The Volvo truck plant a friend of mine works at in Virginia has a two year backlog, and seeing record orders.

But, yeah, let's all hope the economy tanks, because, ya know, Trump.
Quote:
Originally Posted by Luciano700 View Post
Exactly

yep over ordering in 2018 mean that 2019 sales are going to lag, seemingly.
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Old Yesterday, 11:35 AM
 
Location: Venice, FL
2,718 posts, read 1,017,823 times
Reputation: 1936
Quote:
Originally Posted by trobesmom View Post
We've had no communist presidents. Food stamp recipients began dropping way before Trump. He's not the savior you think he is.
Trends aside, Obama added 16,000,000 to the food stamp rolls, and Trump reduced them by 3,900,000.

The Obama economy was terrible. The "Great Recession" dragged on forever. The labor participation rate was veey low, and now its the highest in ~50 years.
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Old Yesterday, 11:35 AM
 
34,899 posts, read 18,911,540 times
Reputation: 7748
Quote:
Originally Posted by James Bond 007 View Post
Uhhh ....

1. Light trucks are things like pickup trucks. Heavy trucks are things like semi's. Different things.
2. A percentage market share has nothing to do with absolute #s of sales. I can't believe I even have to explain this. Sales of some item could go down 50%, but some sub-segment of that item's share could rise from 40% to 60% while that's happening. So what? Absolute sales are still going down.

I can't believe I even have to explain that!

Ahhhh, you did not have too....so, thanks for playing, but if you'd read the article, you'd understand why truck sales are down....you should try reading and comprehending...it does some people good....
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Old Yesterday, 11:41 AM
 
Location: Kansas City, MISSOURI
9,536 posts, read 2,912,089 times
Reputation: 7310
Quote:
Originally Posted by chucksnee View Post
Ahhhh, you did not have too....so, thanks for playing, but if you'd read the article, you'd understand why truck sales are down....you should try reading and comprehending...it does some people good....
I did read the article. It said:
Quote:
Continuing declines for Class 8 orders in 2019 are a result of weaker freight indicators - traditionally seen as a good gauge of the overall U.S. economy - and declining used Class 8 truck prices.
Emphasis not mine. So who's talking about reading comprehension?
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Old Yesterday, 11:45 AM
 
34,899 posts, read 18,911,540 times
Reputation: 7748
Quote:
Originally Posted by James Bond 007 View Post
I did read the article. It said:

Emphasis not mine. So who's talking about reading comprehension?

Also from the link:


"He also noted that August marked the tenth month of Y/Y declines after orders exceeded expectations in the seasonally weak third quarter last year. The robust demand last year was a result of fleets and dealers placing orders earlier than normal to secure build slots for 2019, he said."


So, why again are the truck sales down?
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Old Yesterday, 11:54 AM
 
Location: San Diego
5,472 posts, read 1,512,413 times
Reputation: 3910
Quote:
Originally Posted by Luciano700 View Post
You guys really want to hate on Trump like he's your main concern, huh? I am starting to think you guys are more obsessed with him than Trump fans themselves
"starting"???

Gee, I'm starting to think the Titanic might not make it to New York.
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Old Yesterday, 11:57 AM
 
Location: NJ
17,182 posts, read 11,997,800 times
Reputation: 11072
Quote:
Originally Posted by njforlife92 View Post
https://www.zerohedge.com/news/2019-...straight-month

Yet, Trump continues to say the economy is strong and Fed Chairman Powell says the Fed is not making a recession call.

op source gives an oversimplification and looks at only a single variable while ignoring the larger picture. their credibility is in question as it seems to be a anti trump hit piece.


truck sales are traditionally ebb and flow, normal cyclic sales are part of the business.


record sales the end of 2018 led to an anticipated slower start to 2019


Navistar earnings for the 3rd Q surpassed wall st expectations




"Class 8 truck orders in Auust were 80% lower than a year ago, but up 4% from July, according to preliminary data from FTR.
Orders totaled 10,400 units, and have been averaging 11,000 per month since May. FTR says OEMs have built through much of the backlog created by record orders in 2018, and that fleets are in no hurry to order for 2020 deliveries. FTR expects large fleets to place their orders for 2020 in the fourth quarter, anticipating ample build slots."
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Old Yesterday, 11:59 AM
 
9,813 posts, read 2,962,856 times
Reputation: 5850
Quote:
Originally Posted by beach43ofus View Post
Trends aside, Obama added 16,000,000 to the food stamp rolls, and Trump reduced them by 3,900,000.

The Obama economy was terrible. The "Great Recession" dragged on forever. The labor participation rate was veey low, and now its the highest in ~50 years.
The great recession started before Obama as in office. It took a while to dig out from under that. So after he was in office, food stamp recipients continued to diminish. Trump was lucky to come in on the tail end of all that.
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Old Yesterday, 12:01 PM
 
Location: Kansas City, MISSOURI
9,536 posts, read 2,912,089 times
Reputation: 7310
Quote:
Originally Posted by beach43ofus View Post
The labor participation rate was veey low, and now its the highest in ~50 years.
This is a lie. It's not even close. It's gone nowhere in 5 years:
https://fred.stlouisfed.org/series/CIVPART
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