Swiss Economicblogs.org
Is discount pressure on new car sales a signal of weaker demand?Amid all the good macro signals from the US economy lately (see our Flash Note about May payrolls, for instance), new car sales present a mixed picture. Car sales have virtually plateaued in the US, averaging 17.06 million so far this year (January-May), up only +0.3% from the same period last year.One way to assess prospects for new car sales ahead is to look at the price index. From it, one can gauge the extent of discounting...
Read More »US chart of the week – Car discounts
