Zero Hedge — "There Are Basically No Sales": U.S. Auto Industry Enters Total Collapse As A Result Of Nationwide Lockdown

There were no sales in China either.

Zero Hedge
"There Are Basically No Sales": U.S. Auto Industry Enters Total Collapse As A Result Of Nationwide Lockdown
Tyler Durden

Edward Harrison — You should be concerned about falling car prices and Ally’s profit warning

Yesterday, Ally Financial warned that profits would underperform expectations. Now, they dd not say that profits would fall or that they were taking credit writedowns. Neverthless, the warning is an important marker and should be of grave concern. Here’s why....

Credit Writedowns
You should be concerned about falling car prices and Ally’s profit warningEdward Harrison