Category Archives: economy

New Car Dealership Employment Sets Record in 2016

“Total dealership employment has consistently risen every year since the Great Recession,” said NADA Chief Economist Steven Szakaly. “In addition, hundreds of thousands of other local jobs are dependent on dealerships.” Continue reading

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Daimler Group Q1 EBIT Significantly Better Than Expectations

Daimler Group AG (ticker: DAI) has achieved a Group EBIT* for Q1 of 2017 that is significantly above market expectations. Group EBIT of €4,008 million surpassed Q1 2016 at €2,148 million. All figures are preliminary and unaudited. Continue reading

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Trump on Track for Largest Deficits in U.S. History.

At 77 % of gross domestic product (GDP), federal debt held by the public is now at its highest level since the end of World War II. The Congressional Budget Office in an extremely detailed report concludes that despite considerable uncertainty of long-term projections, debt as a percentage of GDP would probably be greater – likely, much greater – than it is today if current laws remained generally unchanged. Continue reading

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Machinery Orders, Shipments, Inventories Rising in 2017

The U.S. Census Bureau* released its monthly advance report on manufacturers’ shipments, inventories and orders for February 2017 that says new orders for manufactured durable goods in February 2017 rose 1.7% to $235.4 billion. Excluding transportation, new orders increased 0.4%. … Continue reading

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Population Growth – Maricopa County Adds 222 People Per Day

The nation’s 382 metro areas contained approximately 277.1 million people in 2016, representing approximately 86% of the nation’s population. This was an increase of approximately 2.3 million people from 2015. Continue reading

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Daimler at China Development Forum – Pure Money, Politics

In China, through its government-dictated cooperation with local partners, China continued to be the largest individual sales market globally for Mercedes-Benz Cars in 2016. Continue reading

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U.S. Trade – Three-Year High for Imports

This means a trade deficit of 48.7 billion up $4.2 billion from $44.3 billion in December, including a whopping $10.9 billion in the automotive sectors during January. For NAFTA fans: The deficit with Mexico increased $1.0 billion to $5.5 billion in January. Exports decreased $0.2 billion to $20.5 billion and imports increased $0.8 billion to $26.0 billion. Year-over-year, the goods and services deficit increased $5.1 billion, or 11.8%, from January 2016. Exports increased $13.3 billion or 7.4%. Imports increased $18.4 billion or 8.3%. Continue reading

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GM to Announce Sale of Opel/Vauxhall this Monday with Investors’ Call and a Press Conference

If the deal goes through, it would mean GM’s presence in Europe would be limited to niche sales of Cadillac, and Chevrolet Camaro and Corvette models – all of them exports. PSA is the third largest automaker in Europe behind Renault. Volkswagen Group leads in Europe PSA Group’s sales were 1,930,000 vehicles and increased by 3.6% in 2016. In 2016, global sales increased by 5.8%, to 3,146,000 units. Continue reading

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February 2017 U.S. Sales Dip Slightly as Cars Tank

There was a rout in car sales with an overall decline of -12.1%. The Detroit Three lead the car sales decline: at GM -21.9% Ford Motor -21.2%, FCA -30.8%. Other that fared badly in the dwindling market included: Honda -8%, Nissan -10.7%, Hyundai -5.5%Kia -8.5%, Porsche -18.9%. Continue reading

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Australian Union Calls for Action on Chinese Steel

The Commission has the power to impose tariffs to address dumping. However, in 2004, Australia became one of only two major developed economies to grant market economy status to China (after New Zealand), severely hampering its policy options for addressing Chinese steel dumping. Continue reading

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Win, Win? GM to Sell Opel to PSA

The combined volume of the groups could exceed current second-placed Renault-Nissan but would still be well short of market leader VW group. Continue reading

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Affordable Used Vehicles Becoming Scarce

For consumers considering trading in older used vehicles, 2017 could be the time. The latest study predicts a record number of off-lease vehicles will fill dealer lots and that a declining number of older trade-ins will put significant upward pressure on the late model used market this year. Continue reading

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General Motors to Sell Opel/Vauxhall and Leave Europe?

If the PSA deal goes through, it would mean GM’s presence in Europe would be limited to niche sales of Cadillac, and Chevrolet Camaro and Corvette models – all of them exports. Continue reading

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General Motors Announces ~7000 US Manufacturing Jobs

GM also said it will begin work on in-sourcing axle production for its next generation full-size pickup trucks, including work previously done in Mexico, to operations in Michigan, creating 450 U.S. jobs. Continue reading

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Un-Sweet Tweet – Trump Outburst Against Chevrolet Cruze

Incoming U.S. President Donald Trump today raged against General Motors, threatening to impose a “big border tax” for making some Chevrolet Cruze cars in Mexico. Continue reading

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