Tuesday, July 5, 2011

Tsunami Smacks US!!

Vehicle Sales in June tanked. Observers expected a small increase.

Just three days following Japan’s crisis we predicted a much quicker resuscitation than world markets - then in a state of panic - expected. That has proven to be correct. But we also predicted only modest supply constraints in the US as Japan’s competitors filled the gap. This was wrong as today’s release telegraphs. Supply disruptions were severe, May and June.

Look for a recovery in vehicle sales, Q3.
 

Robert Craven

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