SKY IS FALLING........lol blah blah blah......
After a couple months of stagnation, automobile sales in the United States took a significant step backwards in September, according to Bloomberg.
This sets the stage for increased incentive spending by carmakers, who will be desperate to clear inventory heading into the end of the year.
Initial auto sales results from Toyota and Honda can only be described as disasters. Both companies suffered double digit declines in September, with Honda missing its estimated numbers by nearly 10% and Toyota missing its estimates by about 5%.
General Motors also missed estimates, posting an increase in sales of 6.3% versus estimates of 7.1%.
The performance of these automakers suggests that the picture could get even uglier when other companies report US results this week. Overall deliveries of cars and light trucks could come in worse than the 12% drop that is estimated.
http://www.zerohedge.com/personal-finance/collapse-here-initial-us-auto-sales-september-paints-ugly-picture?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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