How Tariffs, Interest Rates Will Shape Car Sales
New trade tariffs have cut the value of automotive shipments 9% in the final five months of 2018, says Gardner Intelligence Chief Economist Michael Guckes.
#economics
New trade tariffs have cut the value of automotive shipments 9% in the final five months of 2018, says Gardner Intelligence Chief Economist Michael Guckes. Yet imports have continued to gain market share in the U.S.
Meanwhile, rising benchmark interest rates have been slowing raising the cost of auto loans for three years. The increase is generating downward pressure on new-car sales.
Guckes says manufacturers who prevail in the evolving auto industry will be those that can successfully apply their preexisting areas of expertise to develop new products.
Click HERE or visit www.gardnerintelligence to learn more about Gardner Intelligence.
RELATED CONTENT
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data