måndag 9 juli 2012

Global Auto Sales Collapse On The Way?

Anecdotes are personal by definition, and thus cannot tell the full story.

However, anecdotal evidence is in sync with a collapse in new manufacturing orders globally as noted in
Plunging New Orders Suggest Global Recession Has Arrived (same as link at top, repeated for convenience).

For more details on the US specifically, please see
US Manufacturing ISM Contracts for First Time in Three Years; New Orders and Prices Plunge; Perfect Miss: 0 of 70 Economists Polled By Bloomberg Expected Contraction

Given the nature of Bosh's business, the reported slowdown in that business, and a plunging collapse in new manufacturing orders virtually everywhere, a collapse in global automobile sales is coming.

Perhaps there is one more channel-stuffing rise in sales coming up in the US (sales are reported when cars are delivered to dealers, not when consumers buy them), but if so, it will be the last big hurrah.

http://globaleconomicanalysis.blogspot.fr/2012/07/anecdotal-and-hard-evidence-suggests.html?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

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