Post by jeffolie on Oct 3, 2012 15:22:56 GMT -6
Auto sales & oil track together?
Oil and auto sales should track together. Supply and demand.
The weak EU in the crisis I predicted shows up in their Type 1 consumers not buying and registering new cars as the shift to Type 2 consumers in the EU continues to focus on used cars and maintance of old cars.
In America, the amount of driving continues to decline indicating to me that the rise in car sales to Type 1 consumers in America reflects the gradual increase in stock prices during the 2 months of the DEAD ZONE of Aug and Sept. The inequality gap has widened leading to more differences in American lifestyles.
For those claiming that manufacturing and GDP growth in America will continue, the trend in oil opposes their paradigm.
++++++++++++++++++++++++++++++++++++
Point Out The Auto Sales Recovery In These Charts
10/03/2012
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121003_EUcar2.png
It seemed yesterday's channel-stuffed and hope-ridden car-maker data in the US was seen by some as evidence that we are right back on track. However, ever ready to separate the reality from the fantasy, we offer the following charts, via Barclays' Julian Callow, that vividly illustrate the rapid decline in the pace of auto registrations (the actual end-users that is) over the past year. In particular, Callow notes, the pace of seasonally-adjusted auto registrations in Q3 for the four largest European countries was the weakest in the series history (back to 1995).
Via Julian Callow, Barclays:
The slump in auto registrations coincides with reports that European car dealers have been offering heavy incentives, including selling vehicles to themselves to boost sales (source: Automotive News).
From a macroeconomic perspective, the exceptionally weak data are consistent with the persistently gloomy reports from the PMIs (as discussed earlier today) and suggest downside risks to consensus expectations for activity during H2.
Therefore, in our view, there is a considerable danger of further weakness in auto production (for example, through reduced working time, extended holidays at the turn of the year), which would be another negative factor for euro area industrial production.
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121003_EUcar1_1.png
www.zerohedge.com/news/2012-10-03/point-out-auto-sales-recovery-these-charts
Oil was the real story of the day...now down 9.6% from pre-QEternity...
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121003_EOD2.png
and WTI notably underperformed Brent...
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121003_EOD4.png
www.zerohedge.com/news/2012-10-03/stocks-bonds-usd-gold-oil-plungapalooza?
Oil and auto sales should track together. Supply and demand.
The weak EU in the crisis I predicted shows up in their Type 1 consumers not buying and registering new cars as the shift to Type 2 consumers in the EU continues to focus on used cars and maintance of old cars.
In America, the amount of driving continues to decline indicating to me that the rise in car sales to Type 1 consumers in America reflects the gradual increase in stock prices during the 2 months of the DEAD ZONE of Aug and Sept. The inequality gap has widened leading to more differences in American lifestyles.
For those claiming that manufacturing and GDP growth in America will continue, the trend in oil opposes their paradigm.
++++++++++++++++++++++++++++++++++++
Point Out The Auto Sales Recovery In These Charts
10/03/2012
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121003_EUcar2.png
It seemed yesterday's channel-stuffed and hope-ridden car-maker data in the US was seen by some as evidence that we are right back on track. However, ever ready to separate the reality from the fantasy, we offer the following charts, via Barclays' Julian Callow, that vividly illustrate the rapid decline in the pace of auto registrations (the actual end-users that is) over the past year. In particular, Callow notes, the pace of seasonally-adjusted auto registrations in Q3 for the four largest European countries was the weakest in the series history (back to 1995).
Via Julian Callow, Barclays:
The slump in auto registrations coincides with reports that European car dealers have been offering heavy incentives, including selling vehicles to themselves to boost sales (source: Automotive News).
From a macroeconomic perspective, the exceptionally weak data are consistent with the persistently gloomy reports from the PMIs (as discussed earlier today) and suggest downside risks to consensus expectations for activity during H2.
Therefore, in our view, there is a considerable danger of further weakness in auto production (for example, through reduced working time, extended holidays at the turn of the year), which would be another negative factor for euro area industrial production.
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121003_EUcar1_1.png
www.zerohedge.com/news/2012-10-03/point-out-auto-sales-recovery-these-charts
Oil was the real story of the day...now down 9.6% from pre-QEternity...
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121003_EOD2.png
and WTI notably underperformed Brent...
www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121003_EOD4.png
www.zerohedge.com/news/2012-10-03/stocks-bonds-usd-gold-oil-plungapalooza?