A Great Time To Buy A Car?

January Reported Auto Sales. Probably a great time to buy a car if you have any money!

• Ford Jan vehicle sales were down a greater than expected 42.1%.Ford’s fleet sales tumbled 65%,
• GM vehicle sales fell 49%, greater than the consensus of a decline of 39%.
• Toyota reported a 32% drop;
• Honda sales fell 27.9%
• Nissan reported a 30% decline;
• Mercedes-Benz division dropped 43%;
• Porsche sales skid 36%
• Volkswagen AG reported its U.S. unit’s sales fell 12%;

As an aside I might go to the Chicago autoshow tomorrow for the 1st time in about six years.