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Carmageddon Continues - Dealers "Wildly Overweight" SUVs As Sales Slow

Carmageddon Continues - Dealers "Wildly Overweight" SUVs As Sales Slow

Authored by Mike Shedlock via MishTalk.com,

The auto boom, one of the key components propping up consumer spending, has come to an end.

Dealers are wildly overweight SUVs just as the market turned.

As auto-industry growth stalls and family sedans go the way of the flip phone, one silver lining had been the trusty “crossover” SUV. Sales in the category boomed amid lower gasoline prices and higher demand for spacious wagons with all-wheel drive.

 

About Those Record Auto Sales... An Insider's View

About Those Record Auto Sales... An Insider's View

Submitted by Mike Shedlock via MishTalk.com,

On May 3, industry analysts are pumped as April 2016 is the best April in history for car sales. Some analysts expect record sales for the entire year.

I doubted that then and I doubt that even more now.

Please consider an email from “FW” a 15-year electrician at Ford who chimes in with some relevant anecdotes and a more recently, a communication bulletin from the plant where he works.

On April 27, “FW” pinged me with these comments...

Hi Mish