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American manufacturers Worst Nightmare Chinese automobile stocks Explode In May
There is a week we exposed the massive number of cars crammed into GM's car parks in China A few days later, we find that Chinese auto sales slumped at the fastest rate in 3 years a growing number of new orders are canceled, such as stock market crashes, but the triple blow for US automakers - who constantly tilted China as an engine of growth - is the new Huaxia Times that dealers China's import cars have seen days of inventory reaches a mind-blowing 143 days in May for the context, the normal average was still 24-36 days once it appears that the data holds series automakers, excited by the data holds series of large banks poorly invested with enthusiasm right around the corner.
Car sales tumbling The Wall Street Journal reports.
China has sold 1 51 million passenger vehicles last month, down 3 4 of a year earlier, the China Association of Automobile Manufacturers said Friday that compares to an increase of 1 to 2 years over-year registered in May and an increase of 3 7 April.
The performance was the worst since February 2013, when car sales fell 8 3-year during the week Lunar New Year holiday when the car showrooms are closed stripping the holiday factor, last time China's auto market registered a drop was in September 2012 when a territorial dispute between Beijing and Tokyo over a group of uninhabited islands in the East China sea has hit demand for Japanese cars.
Also cut its growth forecast for China's auto market in 2015 to 3 of 7 previous.
2015 will be an off year for the Chinese auto market, said Dong Yang, vice president of the association of car manufacturers He said the slowdown was caused by a confluence of factors, including the cooling economy, increasing restrictions on car ownership to fight against congestion and pollution and volatile equity markets.
Neither a bull market or bear market only good for car sales dealers Our surveys show that business volumes Car showrooms fell sharply in the first half, M. Dong said.
The painful adjustment in the current market is far from over, he said.
Huaxia times China's automobile import dealers saw days of inventory reach 143 days in May compared to the normal average 24-36 days.
But, as we noted earlier, it seems that there is simply no more room for stocks of things in its car parks in the province of Shenyang, Lianing that China has become the new cemetery car over the past 3 years.
But there is not that China stocks are surging in America too.
Judging by the massive volume of cars parked in Shenyang Liaoning lot of GM, it's clear that the automakers have learned anything from the last if we build it they will come soaring jam channel inventories dysphoria which, among others, led to their last bankruptcy only if Chinese buyers take credit conditions as Americans.
Believe me their mindset is like politicians They never think long term in budgeting or building.
An executive in a large company listed on a stock exchange has the same basis as any Slither, pol or ARCT, made the short-term manipulation and pushing their stock market valuations and cash and slip away then too inconsequential if all shit show collapses after leaving for villas and tennis in the sun.
But it is the luxury and leisure until guillotines catch up with them.
The heads more bankster in baskets, the future will be prosperous.
American manufacturers Worst Nightmare Chinese automobile stocks Explode In May Zero Hedge, carmakers worst nightmare, Chinese.
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