Auto and Truck Sales Impact on The American Economy

Auto and auto parts companies impact U.S. economic growth which is a debt led consumer economy. With spiralling auto debt it affects the whole finance pyramid. The U.S. auto industry helps drive industrial production, service and finance industries and insight into consumer trends.

U.S. Auto and Truck Sales Continue to Fall in February

Auto sales continued to fall in February as U.S. car makers sales continued to fall with the impact of servere weather, the trade war and threat of tariffs. Most SUV sales fell as auto loan rates pressure and gasoline prices stopped falling. Car earnings give us insight into consumer trends.

Fiat Chrysler Earnings Beat But Tariffs, Emissions and Asia Weigh

Fiat Chrysler reported better-than-expected third-quarter earnings Tuesday and promised to pay 2 billion euros ($2.3 billion) in special dividends for the sale of its parts unit. However $FCA was hurt by a lower net cash forecast and losses in both Asia and Europe.

GM Cuts Guidance on Rising Commodities, Brazil and Argentina

General Motors reported in linesecond quarter earnings Wednesday but warned going forward on higher commodities and exchange rates in Brazil and Argentina. GM had already warned on the negative affects of tariffs. $GM fell 5% on the news premarket.

With Tariff Threat Big Three Car Makers Ford, GM and Fiat Chrysler Report Earnings

The Big U.S. car makers Ford, General Motors and Fiat Chrysler report second quarter earnings this week with high expectations. June auto sales were stronger with $F sales rising 1.2%; Fiat Chrysler $FCA up 8% and $GM quarterly sales up 4.6%. Car earnings give us insight into consumer trends.