AUTO INDUSTRY NEWS AND THE ECONOMY
Over the last couple of decades, many of us have forgotten the profound impact that the economy can have on light vehicle demand and subsequent automobile sales. We just haven't seen massive corrections in light vehicle demand like that experienced in 2008 and 2009. Many had forgotten that corrections can occur in light vehicle demand. Our macro economy is one giant ecosystem, which includes the auto industry. Keeping an eye on the economy in relationship to auto industry news can help prevent such surprises.
Auto Industry Analysis
The Autoconomy Letter provides auto industry analysis along with current news. It tracks events in the economy as they unfold, with the implicit intent of providing meaning to your industry: automotive.
Erich Merkle's Automobile Sales Forecast
For over 10 years I have been tracking, presenting, and talking about many of the economic variables that impact light vehicle demand, leading to a remarkably accurate automobile sales forecast. Two of my very predictive quotes were seen in The Wall Street Journal and The Chicago Tribune. The most recent economic downturn was very well telegraphed! The housing recession began in the second half of 2006 and by 2007 it was fully apparent that this was no ordinary housing correction. It was something much more significant! We also had an inversion in the yield curve proceeding the most recent recession. It was highly unlikely that this last recession could have been avoided given the massive housing correction and an inversion in the yield curve. This is not a good predictor for light vehicle demand.
Business and Auto Industry News
Come along with us in The Autoconomy Letter as we track
the economic variables that impact our automotive industry. In addition to Detroit Auto news and vehicle programs that impact the industry, we will also look at real gross domestic product, consumer sentiment, employment, housing, interest rates, the financial industry, oil, and many other indicators that impact automotive. Now you can stay on top of fast-moving economic events in your industry. Subscribe to the Autoconomy Letter today for comprehensive auto industry news, auto industry analysis, and information on contributing economic factors that lead to a more accurate automobile sales forecast. Armed with this knowledge you’ll not only be prepared for down-turns, but you’ll be ready for the next boom year as well!