Monday , November 25 2024
Home / Mosler Economics / Italian banks, Campaign finance, NY ISM, July vehicle sales

Italian banks, Campaign finance, NY ISM, July vehicle sales

Summary:
Even this shows deceleration since the oil capex collapse: Early preview, not looking good: U.S. July auto sales miss estimates as pent-up demand slackens By Bernie Woodall August 2 (Reuters) — DETROIT: Four major automakers in the U.S. market on Tuesday reported July vehicle sales slightly below expectations as the pent-up demand that has helped drive sales since 2009 plays itself out. In a continuing trend, consumers shunned passenger cars in favor of SUVs and pickup trucks. General Motors Co sales fell 2 percent to 267,258 vehicles, at the low end of analysts’ expectations. GM is No. 1 in U.S. auto sales. Ford Motor Co , No. 2 in U.S. auto sales, said its sales fell 3 percent in July at 216,479 vehicles, which was less than analysts had expected. GM and U.S.-traded shares of Fiat Chrysler dropped about 4 percent while Ford fell 3.4 percent. Ford last week became the first major auto manufacturer to predict an end to increasing annual sales since 2009, a forecast that many Wall Street analysts had been making for months. Fiat Chrysler Automobiles NV said its sales rose 0.3 percent.

Topics:
WARREN MOSLER considers the following as important:

This could be interesting, too:

John Quiggin writes Trump’s dictatorship is a fait accompli

Peter Radford writes Election: Take Four

Merijn T. Knibbe writes Employment growth in Europe. Stark differences.

Merijn T. Knibbe writes In Greece, gross fixed investment still is at a pre-industrial level.

Italian banks, Campaign finance, NY ISM, July vehicle sales

Italian banks, Campaign finance, NY ISM, July vehicle sales
Even this shows deceleration since the oil capex collapse:

Italian banks, Campaign finance, NY ISM, July vehicle sales
Early preview, not looking good:

U.S. July auto sales miss estimates as pent-up demand slackens

By Bernie Woodall

August 2 (Reuters) — DETROIT: Four major automakers in the U.S. market on Tuesday reported July vehicle sales slightly below expectations as the pent-up demand that has helped drive sales since 2009 plays itself out.

In a continuing trend, consumers shunned passenger cars in favor of SUVs and pickup trucks.

General Motors Co sales fell 2 percent to 267,258 vehicles, at the low end of analysts’ expectations. GM is No. 1 in U.S. auto sales.

Ford Motor Co , No. 2 in U.S. auto sales, said its sales fell 3 percent in July at 216,479 vehicles, which was less than analysts had expected.

GM and U.S.-traded shares of Fiat Chrysler dropped about 4 percent while Ford fell 3.4 percent.

Ford last week became the first major auto manufacturer to predict an end to increasing annual sales since 2009, a forecast that many Wall Street analysts had been making for months.

Fiat Chrysler Automobiles NV said its sales rose 0.3 percent.

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *