Auto Industry Past Its Prime
The auto industry is past its cyclical peak, as sales have been falling, wrote Rivelle. Manufacturer incentives—which at the time of report accounted for more than 10% of new car prices—have been propping up this activity, but sales have been falling anyway, he emphasized, citing Bloomberg, TrueCar and TCW data. The used car market has also been showing signs of weakness, as the value of these vehicles has plunged 10% since the start of January, J.D. Power Valuation Services reveals.
Read more: Six Trends That Could Hammer the Markets (SPX, DJIA) | Investopedia http://www.investopedia.com/news/six-trends-could-hammer-markets-spx-djia/#ixzz4jRSnScLZ
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