From Phil LeBeau:
From Nick Robertson: The prices of cars are going up.
From Miyoung Kim: U.S. President Donald Trump said on Thursday a tariff of 5% would be imposed on all goods coming from Mexico, increasing gradually each month until reaching 25% on Oct. 1, unless Mexico takes immediate action to curb illegal immigration.
From Sarah O’Brien: With auto sales slowing, car shoppers are likely to find dealerships eager to move inventory over the Memorial Day weekend.
From Kayla Tausche & Jacob Pramuk:
From Paul A. Eisenstein: More than two dozen new cars, trucks, crossovers and concept vehicles are making their debut at this week’s annual New York International Auto Show, the sort of rollout that would traditionally be expected to give a boost to the U.S. new car market.
From Robert Ferris:
From Paul A. Eisenstein: Carmakers were initially buoyed by the claim of an “incredible” trade deal emerging from Trump’s dinner Sunday with Chinese President Xi Jinping.
From Jill Mislinski: For the past few years, we’ve been following a couple of transportation metrics: Vehicle Miles Traveled and Gasoline Volume Sales. For both series, we focus on the population adjusted data.
From John Rubino: The longer an expansion lasts, the crappier its paper becomes.
From Jill Mislinski: For the past few years, we’ve been following a couple of transportation metrics: Vehicle Miles Traveled and Gasoline Volume Sales. For both series, we focus on the population adjusted data. Let’s now do something similar with the Light Vehicle Sales report from Motor Intelligence and the Bureau of Economic Analysis.
From Zacks: Gone are the days when investors used to be happy with just earnings growth. Now, earnings improvement (no matter how big it is) seems inadequate for solid moves in the market. Today, it is the beat that initiates a stock price rally post earnings.
From Franklin Templeton Investments: Technology is transforming nearly every industry, from health care to retail to transportation. Franklin Templeton Investments recently hosted an event examining the race to develop and market autonomous vehicles entitled, “Along for the Ride: Evaluating the Impacts of Self-Driving Cars.”
From Franklin Templeton Investments: The race to develop truly autonomous vehicles continues to pick up speed. Not only are passenger cars in the race, but also trucks and buses.
From Paul Mampilly: “Will we need to learn to drive?” my son asked me recently. Before I tell you what I told him as an answer, I want to give you an idea of why he asked me this question.