Preps and Solutions
(Sponsored Ads)
Silver
Strategic Relocation
Recently Posted Articles and Videos
Ready Nutrition - Homesteading and Preparedness
Ready Gardens - A Ready Nutrition Company
The Daily Sheeple
The Prepper Website
SGT Report
The Daily Coin
top Prepper Web Sites
Featured Destinations
The Liberty Mill
Web Destinations

Clarocet for Kids
Silver

Economic Woes? New Car Sales Plunge 20% In UK & US In September

Mac Slavo
October 4th, 2018
SHTFplan.com
Comments (25)
Read by 1,345 people

A new report is saying that new car sales took a nosedive in September, signaling economic distress could be just around the corner. The downward trend in the United States is being blamed on two hurricanes, while the slump in sales in the United Kingdom is being blamed on carmakers’ difficulty meeting emissions regulations.

Major automakers on Tuesday posted a hefty drop in U.S. new vehicle sales for September, caused in part by a decline in sales in areas hit by Hurricane Florence and a tough comparison to the previous September when consumers rushed to replace vehicles damaged by Hurricane Harvey, reported Reuters.

Ford Motor Company on Tuesday reported an 11.2 percent drop in sales, with declines in every major category. Sales of sedans were down nearly 26 percent. However, Fiat Chrysler Automobiles bucked the trend for the month, reporting a 15 percent jump in U.S. sales. This was due to increases in sales of its infamous Jeeps, notably the Cherokee and Compass models, and Ram pickup trucks.

“September was a bloodbath for cars,” Cox Automotive analyst Michelle Krebs told reporters on a conference call. “They dropped like a rock,” Krebs said of Americans and the long-standing trend of abandoning smaller cars for larger and more comfortable SUVs and pickups.

Meanwhile, in the United Kingdom, the number of total vehicles registered was down 20.5% on the same period in 2017 at 338,834, the Society of Motor Manufacturers and Traders said according to the BBC. Carmakers had struggled with “a raft of upheavals” including adjusting to stricter emissions standards, the society added. It also said that the impact of the sales plunge was felt across the board, with registrations by private consumers, fleets, and businesses all sharply declining. Sales of petrol and diesel cars fell, but those of hybrids and plug-in electric vehicles actually rose by a meager 3.9%.

According to Reuters, the slump in new car sales is expected to continue too. After a strong first half of the year while in an economic bubble of epic proportions, U.S. new auto sales are expected to dip in the second half of 2018. Rising interest rates, in particular, translate into higher monthly car payments and push more Americans toward buying used vehicles.

“It was a tough comparison for sales year-over-year, but otherwise the month was very solid for us with some bright spots,” said Billy Hayes, Nissan’s vice president for regional operations in North America. “We’re still extremely bullish and we’re feeling very good about the rest of the year.”

Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
The Most Trusted Tactical Gas Mask In The World
Please Spread The Word And Share This Post

Author: Mac Slavo
Views: Read by 1,345 people
Date: October 4th, 2018
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

25 Comments...

Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
  1. Anonymous says:

    No ones buying cars o what are we to do
    Better buy salvos survival guide blah blah more fear porn and nonsense

  2. Justice says:

    This is a bad sign. I have also read that home sales and prices are dropping. The main economic indicator is INTEREST RATES and they’re going UP.

    Friends, once this economic house of cards starts to collapse the fall will be hard and fast. Everything is so interconnected that once ONE thing falls it will cause a chain reaction of events (like dominoes).

    My next 2 months of preps will be pure Maple Syrup. I have enough bulk food now it’s about quality of life. I guess you can say, I’ll be living high on the tree!

  3. Beaumont says:

    You’re worried about sales and boycotts, but the market is not driven by profit.

    The business model is to launder subsidies.

    • Prepperplus says:

      Hey Beaumont,

      That’s the kind of comment people make on the economy when they have no idea what they’re talking about. Which “market” are you even referring to? There is more than one, you know…

  4. Sally Snyder says:

    As shown in this article, there is one main reason why the next global slowdown will be far worse than the Great Recession:

    https://viableopposition.blogspot.com/2018/07/corporate-americas-debt-problem.html

    This problem has been created by a decade of the Federal Reserve’s imaginative policies.

  5. The Deplorable Renegade says:

    I almost have enough money saved up to buy an old truck for cash. Buy from a private owner, pay the entire cash price right there on the spot, and you won’t have a note to worry about. You always get a better deal from an individual than from a dealer. It’s just not worth the effort you have to go through for financing. Cash still talks.

    • Justice says:

      The Deplorable Renegade, I would trade my little red sports car for a truck any day. A Truck is an important prepping item.

      I remember reading that in an economic collapse the roads don’t get repaired and potholes eat cars for lunch!

    • rellik says:

      DR,
      I can’t imagine going through life without a 4WD truck. I have two, one for the road and one for the property. I have a diesel car for commuting(50 mpg). All were used, paid for with cash.
      They are old and a pain to repair sometimes(Except for body work, I do all my own repairs), but my costs per mile are well below the average. Cash is king!

      • The Deplorable Renegade says:

        Rellik, within a month I should have some kind of old truck that I can make last for awhile. Trucks are always a lot more useful and hold up better. Cars suck big time. The older trucks don’t have half the electronics the new ones have so they cost less to keep running. Fewer things to go wrong. The company’s 2014 F-150 I’m in has that damn ELECTRIC steering. Everything’s got ELECTRIC steering now. If that goes out, the driver is screwed. Give me the old hydraulic power steering any day. The biggest problem that can happen with that is replacing the rack-and-pinion system but still beats the hell out of an electric setup.

        • rellik says:

          DR,
          Interesting that you should say that.
          I have my 2004 Mazda B4000(AKA Ford Ranger)torn apart
          trying to replace the short and long rack and pinion
          hydraulic tubes. I’m trying to do it in the vehicle
          to avoid removing the rack and pinion.
          The steel lines had rusted through and started to leak.
          Everything rusts here.
          I’d really prefer electrics.
          I designed, built, and tuned servo systems.

  6. aljamo says:

    Many cars cost more than houses did 30 years ago, and pickup trucks for 40-60 thousand. Gas price pushing $3 a gallon here expected to go up. Business should react to the reality that people have less money to spend and lower prices accordingly. But that’s not capitalism which requires continually higher prices. No wonder mass transit is frowned upon, the bankers own the oil companies and the politicians who in turn wage war to keep their pot of gold growing as the swindle kicks into higher gear.

    • Anon says:

      aljamo
      You must not have been watching things too closely. I bought 2 homes in 2011 and 2012 for 39,000 and 50,000 respectively. They were both 1850 spuare feet with full basements on large corner lots in the Northwest. I just happened to have cash at the time. When it dumps again all of the same bargains will be back out there. Remember, when the banks will loan you money there is no money to be made. When the banks won’t talk to you you need to have cash to buy the bargains.

  7. Old Guy says:

    Ive got a new truck. its a 46 cab on a 84 4 wheel drive frame. has a souped up 66 engine and transmission. I built it out of part myself. Some call it a Jalopy. Some call it a rat rod. The state when they issued me a builders title call it a street rod. its titled as a 2018 model.

  8. The Deplorable Renegade says:

    Aljamo, good points. I don’t have the right kind of income for those newer overpriced trucks with all the bells and whistles. I had a 1990 F-150 I bought in 1998 for $4000 cash from a private owner. It only had 70000 miles on it at the time. It was just a base model, crank windows and manual door locks, 5.0 inline 6 engine and automatic, regular cab short bed. No frills or anything. Just good basic reliable transportation that was better than any CAR I ever had. I drove that old truck everywhere. Never had a lot of trouble with it. When I got hit by that idiot in a U-Haul in 2004 it was still running good at 190000 miles. I felt like I lost a relative when I lost that truck. Hopefully I’ll have another old truck soon and that one will be similar for me.

  9. chett says:

    The new plastic-mobiles are junk, when all of the electronics die and you can’t even shift it into gear, you’ll need your leather personnel carriers!
    I considered buying a new one to be trouble free for a few years, but after the warrenty’s over you will be at the mercy of a dealer, joe’s garage won’t be able to fix the electronics in the new ones.
    my next truck will be older than the one i’m driving now.

  10. The Deplorable Renegade says:

    Chett, agreed. As I said earlier, give me an old truck and I’m 100% good to go.

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Commenting Policy:

Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn't immediately available. We're not trying to censor you, the system just wants to make sure you're not a robot posting random spam.

This web site thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.

 

Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

Dedicated IP Address: 69.167.174.108

The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.