Tuesday , December 10 2019
Home / David Stockman's Contra Corner / Automakers Offer Record Incentives As Trillion Dollar Auto Bubble Bursts

Automakers Offer Record Incentives As Trillion Dollar Auto Bubble Bursts

Summary:
It seems that we were right. Automakers are now offering the most discounts on record to entice deadbeat consumers in November, according to a new report from JD Power. The average incentive spending per vehicle is ,538, an increase of 12% YoY. The previous high for the industry was ,378 in 4Q17. https://www.zerohedge.com/markets/automakers-offer-record-incentive-spending-trillion-dollar-auto-bubble-becomes

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Mystery Profits Meat: Is It Possible That S&P 500 Companies Make Money And No One Else Does?

David Stockman writes The Dems War On Reality Heads Deeper Down The Rabbit Hole

David Stockman writes “Undeniable Evidence”: Explosive Classified Docs Reveal Afghan War Mass Deception

David Stockman writes Waiting…..For The Brown Stuff To Hit the Fan

It seems that we were right. Automakers are now offering the most discounts on record to entice deadbeat consumers in November, according to a new report from JD Power.

The average incentive spending per vehicle is $4,538, an increase of 12% YoY. The previous high for the industry was $4,378 in 4Q17.

Automakers Offer Record Incentives As Trillion Dollar Auto Bubble Bursts

https://www.zerohedge.com/markets/automakers-offer-record-incentive-spending-trillion-dollar-auto-bubble-becomes

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *