Sales in the U.S. are struggling as well. General Motors, Ford and Honda have all cut back on production as the auto market cools. Fitch Ratings anticipates an approximately 2% decline in U.S. sales to 16.9 million vehicles in 2019.
Other countries experiencing declines are Brazil, Russia and India. Western Europe is expected to see declines as well.
RETAILERS GETTING DESTROYED – COMMERCIAL REAL ESTATE VACANCIES EXPLODING – US CONSUMER IS BLIND