The U.S. Auto Boom Is Coming To An End

in #automobiles5 years ago

Since the end of the Great Recession, automobile companies enjoyed a tremendous run. This was fueled by low interest rates which made financing a car very attractive.

The party could be coming to an end. We are seeing the Fed raising interest rates as it attempts to achieve normalcy in rates. Also, the affordability of cars is pushing some buyers out of the market.

2018 saw a gain in car sales although it was aided by sales to rental car companies. The tax cuts also allowed corporations to purchase fleets with the "found" money.

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It's interesting to know that Tesla is the only remaining automobile company in the US to not file for bankruptcy at least once. That itself says a lot.

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