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The Car Market Is Crashing | Paul Hodges

Forward Guidance

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What's Happening in the Market?

globally auto sales are on the decline and sales themselves have peaked out. We can just show this chart on screen right now of auto sales in the top seven countries. You see that they peaked in about 2018. So why did they peak in 2018? It seems like they've been growing steadily after the great financial crisis from 2010 to 2018. What happened in 2018? Well, it's 2018, 2019. If there hadn't been COVID and so on, we would have been in a recession pretty clear in 2020. Everything was overheated and it was only really kept going by the stimulus spending.

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