Q2 Auto Sales to Show Fresh Declines

Looks like $F is the outlier, selling more in Q2 2022 than they did Q2 2021. Everyone else mentioned here ($GM $STLA $TM $HMC) is going to be down from their Q2 2021 sales:

Investor Business Daily headline: U.S. Auto Sales To Show Fresh Declines In Q2 After GM, Ford, Stellantis Idled Factories Again

https://www.investors.com/news/u-s-auto-sales-q2-slide-gm-fo…

U.S. Auto Sales: Outlook Cut For 2022

The annualized pace of June auto sales will reach 13.1 million units, down by 2.3 million units, or 15%, from a year ago but up slightly from May, analysts at J.D. Power and LMC Automotive estimate.

The analysts have further cut their outlook for U.S. auto sales in 2022, citing both persistent supply shortages and new inflationary headwinds. On Tuesday, rival consultancy Cox Automotive lowered its full-year forecast by 6% to 14.4 million units, below the 2020 level.

The pandemic has fueled shortages of microchips and other components that automakers need to build cars. The Russia-Ukraine war and China’s Covid battle have aggravated supply pressures

For now limited supply has limited sales but at higher prices.

You wonder about the impact of rising interest rates. Car payments should increase even more. Some will likely be squeezed out of the market. But apparently we still have waiting lists for new cars and near empty dealer lots.

The return of cars to dealer lots could be a useful economic indicator.

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For now limited supply has limited sales but at higher prices.

You wonder about the impact of rising interest rates. Car payments should increase even more. Some will likely be squeezed out of the market. But apparently we still have waiting lists for new cars and near empty dealer lots.

The return of cars to dealer lots could be a useful economic indicator.

- pauleckler

That’s a 10-4, Paul.

I think another indicator will be the advent of the 8 or 10 year car payment.

I can’t imagine taking out a seven-year loan on a car, but it happens all the time - so I am told - at a new/used car dealer down in Key West.

:scream:

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