The prospect of a sharp rebound in second-quarter GDP helped underwrite May’s solid results, and indicates June should post a still-healthy 16 million-plus SAAR, even if some of its thunder was stolen in the prior month.
A red flag to watch for is extended shutdowns beyond traditional summer downtimes, especially at Ford, Fiat-Chrysler and General Motors. Other automakers could add downtime, but most likely would slow production.
With Subaru understocked in the segment, nearly all automakers selling midsize cars, including Ford, GM, Honda, Hyundai, Kia, Mazda, Nissan and Toyota, could withstand some trimming to inventory in the segment.
Inventory of domestically made LVs is where most of March’s excess inventory exists. There could be some production slowdowns, but higher retail incentives in place in March are likely to continue in April, and possibly increase.
Electric cars simply are more convenient than gasoline cars and will only become more so. My electric car is always full. This is because I plug it in every night. I almost never have to take it to the garage, because upgrades/fixes are downloaded overnight....More