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MZDAY - Sweden's 33% Drop In Car Sales Foretells A Coming Crash Of The U.S. Car Market
Mazda Motor Corp. ADR
The last few years in the U.S. new light vehicle market have a been filled with “peace and prosperity” with sales landing around 17 million units per year. Sure, the mix has shifted from so-called “passenger cars” (sedans, coupes, etc) to SUVs and pickup trucks, but in the aggregate, light vehicle sales have been basically flat.
Yes, a majority of the large automaker stocks have gone nowhere but flat to down. Profitability has been, and remains, strong, so multiples have fallen. Ford (F) and General Motors (GM) have delivered on many