Visitors Now:
Total Visits:
Total Stories:
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

September Global Auto Sales Hit Record High Thanks To China’s New Car Bubble

Saturday, October 15, 2016 21:26
% of readers think this story is Fact. Add your two cents.

(Before It's News) / by Tyler Durden / Oct 15, 2016 9:39 PM

In recent months the US auto industry has been bombarded with a barrage of bad news: starting with Ford’s disastrous August sales when the company admitted “sales have reached a plateau“, continuing to the surge in delinquent subprime auto borrowers hitting nearly a 7 year high as the marginal creditworthy car buyers disappears, then noting the record $4,000 in industry-wide new car incentives in September as preventing a plunge in last month’s auto sales, and recalling last week’s downgrade of the US auto sector by Goldman which said that the US “cycle has peaked“…

…one would think that global auto sale would follow a similar downward trajectory. One would be wrong.


The post September Global Auto Sales Hit Record High Thanks To China’s New Car Bubble appeared first on Silver For The People.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.