HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Global car sales are on t...

Wed Nov 27, 2019, 09:41 PM

Global car sales are on track for a worse year than in 2008

Global manufacturing has been a drag on the world economy all year. A recovery could be around the corner--but only if conditions are right.

America's manufacturing sector got clobbered in 2019 as the effects of the US-China trade war took their toll. Globally, things didn't look much better. Weak auto sales across the board have added to the sector's plight.

"The downturn in the global car market since the middle of 2018 has been a key force behind the slump in global manufacturing, and the car sales picture is turning out a lot worse than we expected," said Brian Coulton, a chief economist at ratings agency Fitch.

With only a month left in the year, global auto sales are on track for a 3.1 million drop, about 4%, for the year, according to Fitch. That would be the biggest decline since 2008, when the financial crisis hit, and the second year in a row that sales have fallen. Fitch expects worldwide car sales to total 77.5 million in 2019.

https://www.msn.com/en-us/money/companies/global-car-sales-are-on-track-for-a-worse-year-than-in-2008/ar-BBXntfc?li=BBnbfcN

Winning baby!!!

4 replies, 508 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply Global car sales are on track for a worse year than in 2008 (Original post)
Yo_Mama_Been_Loggin Nov 27 OP
roamer65 Nov 27 #1
mr_lebowski Nov 27 #2
hatrack Nov 27 #3
Wellstone ruled Nov 27 #4

Response to Yo_Mama_Been_Loggin (Original post)

Wed Nov 27, 2019, 09:51 PM

1. That's way too many cars for this planet.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama_Been_Loggin (Original post)

Wed Nov 27, 2019, 09:52 PM

2. In my book, that actually is winning ...

I'm sure it's not so for a lot of other people, esp. not IQ45.

But I'm glad. Apologies to those for whom it's a bummer ... that are NOT IQ45 or his minions.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama_Been_Loggin (Original post)

Wed Nov 27, 2019, 09:57 PM

3. This is what it looks like after a decade or more of not paying people . . .

Funny thing - they're not spending money on cars.

Chickens coming home to roost.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yo_Mama_Been_Loggin (Original post)

Wed Nov 27, 2019, 11:11 PM

4. When your typical Auto costs

40-60k,what the hell do these people think is going to happen.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread