CPI, Cars, and Credit Conditions
Moody's Talks - Inside Economics
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The Economic Outlook for the US New Vehicle Market
We've never had a situation in US new vehicle market when a recession did not result in production declining. Manufacturers would rather sell 14 million as profitably as they did last year than sell 17 million with excess incentives that essentially mean they don't make profit on those units. We're under 15, 14, 6 to 14, 9, but it's because we're expecting a much rougher third and fourth quarter. So the pace kind of falls off for the economy broadly, you're saying. And then next year, we're where are we? Mike, I can't remember. Are we 16, 16 and a half, something like that? Just under 16. just under 16
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