What, No Hurricane Bounce? Ford Idles 5 North American Plants In Wake Of Slumping Car Sales
Authored by Mike Shedlock via MishTalk.com,
As initially reported by the Census Department, motor vehicle sales were up 1.2% in July following a 0.9% gain in June. At the time, I commented, “This is unbelievably bizarre in the face of actual auto sales reports.”
The Census Bureau revised sales estimates much lower in September as noted in Retail Sales Unexpectedly Decline, Huge Negative Revisions in June and July: Reflections on “Bizarre” Sales Reports.