After 38,000 Layoffs, Wall Street Wakes up to ‘Peak Car’

In our view, the peak in auto sales is clear,” Bank of America’s Michelle Meyer and Anna Zhou told clients recently……. with US sales slumping to 16.3 million — lower largely due to the ‘tsunami’ of used vehicles supply which depresses the prices of used vehicles (making them more attractive than new).”

https://www.businessinsider.com/peak-car-38000-layoffs-job-losses-sales-at-auto-makers-2019-5?nr_email_referer=1&utm_source=Sailthru&utm_medium=email&utm_content=Opening_bell&utm_campaign=Post%20Blast%20%28moneygame%29:%2010%20things%20you%20need%20to%20know%20before%20the%20opening%20bell&utm_term=10%20THINGS%20BEFORE%20THE%20OPENING%20BELL%20-%20ENGAGED%2C%20ACTIVE%2C%20PASSIVE%2C%20DISENGAGED