Originally Posted by
midas360
Here is why I think we are down. Not a good sign right now. May explain todays dip.
Auto Makers Report Steep Sales Declines in April The slowdowns raise the prospect that car companies may need to curtail production By Adrienne Roberts Updated May 2, 2017 10:28 a.m. ET Detroit’s auto makers signaled the U.S. auto industry’s hot streak is rapidly cooling, reporting steep declines that include sluggish demand for the trucks and SUVs that have fueled record profits for domestic players.
General Motors Co. and Ford Motor Co. reported declines in April of 5.8% and 7.1% respectively compared with the same month last year. The slowdowns are sharper than expected.