Unsold Cars Pile Up – Consumer Is Tapped Out – Retailers Getting Destroyed – Commercial Real Estate Vacancies Exploding

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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.

https://www.cnbc.com/2019/11/25/global-car-sales-expected-to-slide-by-3point1-million-this-year-in-biggest-drop-since-recession.html

RETAILERS GETTING DESTROYED – COMMERCIAL REAL ESTATE VACANCIES EXPLODING – US CONSUMER IS BLIND

 

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