U.S. New Vehicle Sales Hit Record $462B in 2019
“Despite a lot of noise and some uncertainty with light-vehicle sales, 2019 has turned out to be a strong year."
Germany’s Economy Shrinks as Exports Struggle
The country is feeling the effects of trade conflicts and global uncertainty.
Global Auto Sales to Fall More Than Expected
S&P Global Ratings had previously forecast modest growth in China and Europe.
Consumer Spending Drops 0.5% in December
The biggest drop in spending since 2009 confirmed expectations that the economy will slow down further in the first three months of 2019.
Retail Sales Drop 0.2% in 2nd Straight Decline
The March sales report is another sign that consumers “have retrenched a bit in terms of spending in recent months."
Auto Sales Slowdown Driving Risk for Lenders
Moody's says credit risk is rising at a time when the average dollar amount of negative equity at trade-in is at record levels.