Last time automakers tried this was in 2009!
After the credit bubble comes the credit bust.
Not quite, not yet, but it’s not good either.
First oil & gas, then construction, then new vehicle sales.
Something is out of whack on the expense side.
Retail sales are held up by only two sectors. The rest are sinking.
Bank regulators have been warning, now it’s happening.
Despite what you might think, automakers did not “cut back” on fleet sales. But keep an eye on rideshare companies.
Other US companies are equally vulnerable.
Just days ago, CEO Marchionne tried to soften up Trump.