This move to China makes sense for a niche automaker struggling mightily in the US. But headwinds in China are even stronger than in the US.
“Challenging environment with weakened consumer demand”: This nosedive in a vast industry, affecting consumers and manufacturing, is happening even as GDP officially booms at 6%?
GM shifts even more production to Mexico (even as its US sales fall). But Ford’s imports from Mexico plunge. FCA’s, Audi’s, Nissan’s down too.
The Changing Supply of Used Vehicles.
Amid a shakeout among trucking companies & production cuts and layoffs among truck makers.
Holden sales collapse. “Tough Year for the Australian Economy.”
But not all faced falling sales. The top automakers in charts.
Sales fall for second year in a row, as car sales collapse further and truck sales barely tick up.
“This, I think, was the Big One, where the fleet valuations fell out and took this company out.”
A total mind-blower. Actual prices skyrocket even as CPI for new vehicles has been flat for 22 years.