"Cars Have Just Been Crushed": The US Auto Market Is Heading For Recession Again

Despite surprisingly strong 2018 results and 2019 estimates out of General Motors last week, it’s becoming clearer that a recession in the U.S. auto industry is already underway. All one has to do is look around: factories are closing, shifts are being truncated and thousands of layoffs have taken place.

Meanwhile, Detroit is showing increasingly more signs that it is in the midst of a recession as demand for sedans has collapsed. This collapse has been the result of most consumers moving to sport utility vehicles and pick-ups. In fact, the models that used to be the lifeblood of the car industry, sedans like the Honda Accord and Ford Fusion, only made up 30% of US sales in 2018.

 

 

 

 

 

 

https://www.zerohedge.com/news/2019-01-13/cars-have-just-been-crushed-us-auto-market-officially-recession-again

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