This is THE Economic Canary in the Coal Mine

What is going on in the auto world? First, Tricolor goes bankrupt. Then parts supplier First Brands follows them. CarMax reports dismal earnings. Even Germany's Bosch decided to lay off another 13,000 workers. It's not just a canary in the coal mine, there's a whole flock - or fleet - of them. 

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CarMax Second Quarter Earnings
https://investors.carmax.com/news-and-events/news/news-details/2025/CarMax-Reports-Second-Quarter-Fiscal-Year-2026-Results/default.aspx

CNBC CarMax stock plummets 20% following ‘challenging’ quarter
https://www.cnbc.com/2025/09/25/carmax-stock-plummets-after-missed-wall-streets-expectations.html

MarketWatch CarMax sees surprise drop in used-car sales even at lower prices, and the stock dives
https://www.marketwatch.com/story/carmax-sees-unexpected-drop-in-used-car-sales-even-at-lower-prices-and-the-stock-dives-7dc067b0

Bloomberg Economists Lower US Job Growth Through 2026, Fueling Rate Cuts
https://www.bloomberg.com/news/articles/2025-09-26/economists-lower-us-job-growth-through-2026-fueling-rate-cuts

GTR First Brands supply chain finance debt tops US$866mn
https://www.gtreview.com/news/americas/first-brands-supply-chain-finance-debt-tops-us866mn/

Bloomberg First Brands Files for Bankruptcy After Lender Scrutiny
https://www.bloomberg.com/news/articles/2025-09-29/auto-parts-supplier-first-brands-files-for-bankruptcy

Q3 2025 Cox Automotive Dealer Sentiment Index Shows Steady Confidence Amid Economic Headwinds
https://www.coxautoinc.com/insights-hub/q3-2025-cadsi/

Bloomberg Bosch to Shed 13,000 Jobs as Auto-Industry Slump Deepens
https://www.bloomberg.com/news/articles/2025-09-25/bosch-to-shed-another-13-000-jobs-as-auto-industry-slump-deepens

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