Re: June car sales - Saab General Bulletin Board - Saabnet.com
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Re: June car sales
Posted by Noel (more from Noel) on Fri, 2 Jul 2004 06:06:05
In Reply to: June car sales, Leon, Thu, 1 Jul 2004 16:15:50
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There was a CNN piece on this related to the rise in interest rate, saying that it will impact car sales. Not sure if this is really true, but another thing driving car sales is that they have been so good for so long that a lot of people who are likely prospects for a car have recently bought or leased, so they are out of the market for awhile. The auto industry is always cyclical and when ever there is a slump analysts get concerned but it always evens out.
More critical would be if inflation gets rolling, then people will hold on to their present cars, which will lead to a slump.
n
posted by 69.163.37...
Posts in this Thread:
- June car sales, Leon, Thu, 1 Jul 2004 16:15:50
- Now CNN is reporting record auto sales in July..., Scott Paterson , Tue, 6 Jul 2004 11:21:27
- no new cars, and Asian companies take market share, compaqted, Fri, 2 Jul 2004 07:18:05
- Re: June car sales, Noel, Fri, 2 Jul 2004 06:06:05 <-- Viewing This Message
- CNN report today too... auto stocks took a hit.., Scott Paterson , Thu, 1 Jul 2004 16:30:59
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