A new survey by the Consumer Federation of America lists
auto sales, home repairs and debt disputes among the top consumer gripes.
Much rests on that model: trillions in
auto sales, a massive global workforce, vast assets in the form of factories, an enormous network of marketers and dealerships, billions in yearly advertising, a legacy automotive media, and above all, the financing that makes buying and leasing individual cars and trucks possible.
Most importantly, the status quo monetary policy distorts economic activity towards debt - based financial assets and debt - financed durable goods such as the «cash for clunkers» program to boost
auto sales.
Traders had found confidence in the latest U.S.
auto sales numbers, which showed that shoppers who were once cautious, are returning to the market.
The confluence of easy credit, low interest rates and smart, new models are driving
auto sales sharply higher this year but analysts who follow the industry don't see that changing any time soon.
But despite the current North American
auto sales boom, Canada seems to be missing out on the long - awaited upside.
Since the financial crisis, easy credit has certainly boosted US
auto sales.
In 2016, SUVs accounted for 63 % of
auto sales in the US, according to Autodata numbers released in January.
In a world of driverless cars, U.S.
auto sales would plummet, vehicle ownership falls 50 % and opportunities in fleet management, tech and mapping arise.
And when the Commerce Department told us on Monday that spending rose at the fastest pace in four months, due to increased
auto sales, I put that in the positives column.
Replacement
auto sales helped lift overall consumer spending by the most in eight years in September.
With three months still remaining in 2017, we've already seen seven straight months of year - over-year
auto sales declines and over 6,300 retail chain stores shuttered.
(7) Falling PPI and
auto sales.
Maybank - KimEng said both companies likely needed the deal to gain access to «a bigger playground,» noting Geely's potential in China was capped by moderate growth and Malaysian
auto sales appeared to have hit a saturation point.
The new list of the top consumer complaints is out and once again problems with
auto sales and repairs are No. 1.
Capital raise after capital raise obviously signals an intense cash burn rate, but if Tesla is going to change the world and push electric cars to a point where they constitute more than 1 % of global
auto sales, chilling out on the spending and letting the balance sheet take a breather doesn't make much sense.
MLI leading indicator (Monday, 7 a.m.) Industrial product price index and raw material price index (Monday, 8:30 a.m.) Bloomberg Nanos consumer confidence index (Monday, 10 a.m.) Markit Canada Manufacturing PMI (Tuesday, 8:30 a.m.) Jobs report (Friday, 8:30 a.m.) Trade report (Friday, 8:30 a.m.) Toronto home sales (time unconfirmed) Vancouver home sales (time unconfirmed) Desrosiers
auto sales (time unconfirmed)
Jeff Schuster, senior vice-president of
auto sales forecasting for LMC Automotive, an industry consulting firm, expects annual
auto sales to grow in the 1 to 2 per cent range through 2015, when sales will plateau.
Consumer spending is rising, manufacturing is expanding rapidly and
auto sales are up.
According to analysts at JPMorgan, a July sales figure of a seasonally adjusted pace over 17 million vehicles would mark the first 3 - month stretch of
auto sales at this quick of a pace since August to October 2000.
The factory data added to reports on
auto sales, housing and employment in suggesting the economy was regaining some speed, but probably not fast enough to encourage the Federal Reserve to start raising interest rates next month, as most economists had anticipated at the beginning of the year.
Generally, what you've seen historically, when you get to a point where the auto production and
auto sales are at their peak — that's the point at least from my experience where you start to get concerned about lending.
He also thinks one of the big factors behind the 0.8 - per - cent drop in manufacturing —
auto sales — was a temporary setback as Ontario plants closed for retooling.
In all,
auto sales rose 27 percent from the same month a year before, with General Motors posting particularly strong gains due to sales incentives.
«
Auto sales have flattened in recent months, and manufacturers are not prepared to absorb a sharp increase in the cost to build cars and trucks in America.»
Case in point: U.S.
auto sales have historically been a key barometer of consumer health and confidence.
The expected expansion of shared vehicles will slow the long term growth of
auto sales worldwide, according to a new study.
According to the Consumer Cycle Framework that Roberts introduced in her recent report, «The Mid-Cycle Consumer: What to Watch,» declining monthly
auto sales have presaged each of the past five U.S. recessions.
«We're seeing record
auto sales and vehicle prices are up, so loans are increasing,» said Melinda Zabritski, senior director...
With
auto sales cruising at a near record pace, the amount of money borrowed by car, truck and SUV buyers topped $ 1 trillion for the first time ever.
Greek
auto sales are up 21.5 percent year - to - date.
As Ford works toward its goal of rolling out a self - driving car in five years, it's claiming that, by the end of the decade, 20 percent of all U.S.
auto sales will be made up of autonomous cars.
U.S.
auto sales surged more than 15 percent in March, according to preliminary data, capping the biggest quarterly sales jump since 2008.
DETROIT (AP)-- U.S. sales of new cars and trucks fell in August, ending summer on a low note for the auto industry and making it less likely that this year's
auto sales will match the record set in 2015.
We're seeing renewed strength in housing and
auto sales, and consumer confidence is near a post-crisis high.
The solid results were not surprising, considering robust
auto sales, particularly in GM's most profitable vehicles of trucks and SUVs.
He called the notion that falling oil prices, rising home prices and stronger
auto sales and manufacturing would fuel above - trend 2013 growth a «fairy tale.»
In the first eight months of this year,
auto sales in the country were up close to 5 percent compared to the same eight months in 2016, according to the China Association of Automobile Manufacturers.
While the recent Champion
Auto Sales, LLC et al. v Pearl Beta Funding, LLC decision was a win for MCA companies because it determined at the appellate level that an MCA contract issued by Pearl Beta Funding to Champion
Auto Sales «was not a usurious transaction,» many lawyers are saying that, more than anything, this -LSB-...]
Singh believes that such auto - ownership aspirations will lead to a «multiyear upcycle» for
auto sales in India.
Houston, the nation's fourth - largest city, accounts for about 40 percent of
auto sales in Texas.
After hitting a record of 3.80 million units in 2012,
auto sales in Brazil - the world's eighth largest market, accounting for a majority of South American sales - plunged 46 percent to 2.05 million in 2016.
This is why restaurant and retail sales are dropping and why
auto sales have rolled over.
-- April
Auto Sales Forecast
With potential for transform industries ranging from education to
auto sales to music, bitcoin and blockchain startups are proliferating.
Covering a range of topics — from
auto sales and health care to the New York Jets and the price of gasoline — CNBC's anchors, reporters, editors and contributors make calls on what 2013 will bring.
Zero rate auto financing already produced a pop in
auto sales last quarter, which is why GDP didn't collapse.
Auto sales, in particular, are on track to set another record.
Though we aren't huge fans of the EDV business, we suspect Polypore will retain its market position and benefit from the continued cyclical improvement in
auto sales.
The rate sensitive sectors in Canada — housing and
auto sales — are red hot.