Tag Archive: automobiles

Prices As Curative Punishment

2022-06-14

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2022-06-14

It wasn’t exactly a secret, though the raw data doesn’t ever tell you why something might’ve changed in it. According to the Bureau of Economic Analysis, confirmed by industry sources, US new car sales absolutely tanked in May 2022.

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What’s The Real Downside To Some of These Key Commodities?

2021-10-06

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2021-10-06

Last night, Autodata reported its first estimates for September auto sales in the US. According to its own as well as those compiled by the Bureau of Economic Analysis (the same government outfit which keeps track of GDP), vehicle sales have been sliding overall ever since April.

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There Isn’t Supposed To Be The Two Directions of IP

2018-06-20

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2018-06-20

U.S. Industrial Production, SA 1995-2018
US Industrial Production dipped in May 2018. It was the first monthly drop since January. Year-over-year, IP was up just 3.5% from May 2017, down from 3.6% in each of prior three months. The reason for the soft spot was that American industry is being pulled in different directions by the two most important sectors: crude oil and autos.

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United States: Lack Of Industrial Momentum Is (For Now) Big Auto Problems

2017-08-22

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2017-08-22

US Industrial Production, Jan 2006 - Jul 2017
Industrial Production disappointed in the US last month, dragged down by auto production. Despite the return of an oil sector tailwind, IP was up just 2.2% year-over-year in July 2017 according to Federal Reserve statistics. It marks the fourth consecutive month stuck around 2% growth. The lack of further acceleration is unusual in the historical context, especially following an extended period of contraction.

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Auto Pressure Ramps Up

2017-05-10

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2017-05-10

Motor Vehicle Sales And Production, January 2011 - May 2017
The Los Angeles Times today asked the question only the mainstream would ask. “Wages are growing and surveys show consumer confidence is high. So why are motor vehicle sales taking a hit?” Indeed, the results reported earlier by the auto sector were the kind of sobering figures that might make any optimist wonder.

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Industrial Symmetry

2017-03-19

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2017-03-19

Industrial Production YoY, Jun 1995 - Jan 2017
There has always been something like Newton’s third law observed in the business cycles of the US and other developed economies. In what is, or was, essentially symmetry, there had been until 2008 considerable correlation between the size, scope, and speed of any recovery and its antecedent downturn, or even slowdown. The relationship was so striking that it moved Milton Friedman to finally publish in 1993 his plucking model theory he had first...

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No Acceleration In Industry, Either

2017-02-20

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2017-02-20

U.S. Industrial Production Jan 2000 - Jan 2017
Industrial Production in the United States was flat in January 2017, following in December the first positive growth rate in over a year. The monthly estimates for IP are often subject to greater revisions than in other data series, so the figures for the latest month might change in the months ahead. Still, even with that in mind, there is no acceleration indicated for US industry.

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