Market Currents
Consumers bought 1.2M new automobiles (+4.3% Y/Y, +15% M/M) in the U.S. during February,...
-
Monday, February 25, 7:35 AM ETConsumers bought 1.2M new automobiles (+4.3% Y/Y, +15% M/M) in the U.S. during February, according to analysts. Though it's an excellent sign that average transaction prices rose and the level of incentives in the industry were moderate, inventory levels will be watched closely to ensure automakers aren't getting too far in front of demand. Of the pack, Ford (F) is forecast to have the largest yearly jump in sales for the month with Chrysler (FIATY.PK), Toyota (TM) and General Motors (GM) also strong - while Honda (HMC) and Nissan (NSANY.OB) are likely to report a decline in sales.
Other date
Latest Consumer Articles
This news story has 7 comments:
General Motors has flooded financial markets with auto-backed securities in an effort to offload its risky subprime loans onto banks, a strategy industry insiders say could produce a bubble.
High production costs and falling profit-per-car have led auto manufacturers to turn to financing to earn higher profits. Automakers have capitalized on lending by not only loaning money to customers but also packaging and selling those loans to investors in a manner similar to the sale of mortgage-backed securities that created the housing bubble.
The dramatic increase in securitization has coincided with GM’s acquisition of AmeriCredit, one of the nation’s largest subprime auto lenders, which it renamed GM Financial (GMF).
http://bit.ly/125KlTv
Or are you just throwing around random drive-by conspiracy theories that you read somewhere on the internet, because they cannot put anything on the internet that isn't true, according to the internet.