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Re: China Car Sales Suffer Biggest Crash On Record To Start 2016 

By: micro in POPE IV | Recommend this post (1)
Mon, 21 Mar 16 4:52 PM | 79 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 04883 of 47202
(This msg. is a reply to 04875 by capt_nemo)
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WHO besides the auto makers, didn't see that coming?

CHINA, a consuming nation of automobiles????
Really? The only reason American factories went over there was for the CHEAP LABOR and reduced corporate taxes. That means the people there, which constitute the vast majority of the population, are not your average car buyers.

They ride BICYCLES. Or scooters.

Well, I sure hope a couple at least of the auto manufacturers had the business acumen and common sense NOT to load up on inventory it thought it was going to sell to the Chinese public... For the rest, well, you deserve what you get...

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The above is a reply to the following message:
China Car Sales Suffer Biggest Crash On Record To Start 2016
By: capt_nemo in POPE IV
Mon, 21 Mar 16 11:05 AM 		Msg. 04875 of 47202

Submitted by Tyler Durden on 03/20/2016 - 21:15

The dream of transition to a 'consuming' economy just crashed into the wall of excess debt and leverage. 2016 has started with a 44% collapse in China passenger car sales. This is the biggest sequential crash and is 50% larger than any other plunge in history. Coming at a time when vehicle inventories are near record highs relative to sales, the world's automakers - all toeing the narrative line that growth will be from China - now face a harsh reality of massie mal-investment deja vu.

http://www.zerohedge.com/news/2016-03-20/china-car-sales-suffer-biggest-crash-record-start-2016

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