Bank Warns Industry Faces Triple Threat Of Doom

This week’s report about a shock stagnation in U.S. vehicle sales may be a sign that the auto industry is about to head back down the mountain at a rapid pace after a peak last year.

Deutsche Bank AG said March’s weak sales, coming as they did amid rising interest rates and a slide in used-vehicle prices, make for a potentially slippery outlook. Industry wide deliveries last month slowed to a seasonally adjusted annual pace of 16.6 million vehicles, confounding analyst expectations that the rate would accelerate to 17.2 million. Automakers set a record in the U.S. last year, with 17.6 million vehicles sold.

PUGPROUD - 4/6/2017 4:29:08 PM

+1 Boost

I'm no market forecaster but you don't have to be a genius to predict that once Chinese market growth slows the industry is in store for a major shakeup.

Vette71 - 4/6/2017 5:43:26 PM

+2 Boost

Huh? The article says nothing about China.