The Art of Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Art of Investing

PICK 46.18

-0.3%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Sun Tzu	1/6/2023 8:21:13 AM
	of 10599

... But auto industry executives remain cautiously optimistic that sales will rebound in 2023, regardless of recessionary fears, rising interest rates and other economic concerns. A typical year prior to the pandemic saw more than 17 million in sales. Toyota and GM said they expect U.S. auto sales to increase to about 15 million vehicles this year. That would be a roughly 9% increase over 2022. S&P Global Mobility and Edmunds expect 2023 new U.S. vehicle sales to be 14.8 million, while Cox Automotive’s preliminary forecast is 14.1 million. “We’re cautiously optimistic about the future. In 2023, there will be an uptick not quite as high as we would love it to be but going the right direction,” Jack Hollis, executive vice president of Toyota Motor North America, said during a briefing Wednesday. “Demand is still higher than our supply.” The reason for the optimism is two-fold: Sales have been at or near recessionary levels due to parts and supply chain issues, plus demand has piled up from consumers and businesses after years of tight vehicle inventories during the pandemic... ... “This is one of those rare times where we really have no idea which direction the market could go. It could easily go up or down from where we’re at right now,” Chesbrough told CNBC. “The pace over the last couple of months has been definitely pointing to a weakening market.” cnbc.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next