Six million Americans are 90-plus days delinquent.
“Car Recession” now expected to spread to 2017.
Auto Sales, Construction Get Totally Crushed.
New vehicle sales down 53% since 2012. Bloodletting among manufacturers.
Icahn gets totally crushed by Hertz, goes for More Pain.
He put his money where his mouth is.
But the roads in much of the nation are in terrible shape too.
A global shift.
Why is this economy not yet in an official recession?
Demand will dry up.