Hurricanes Provide an unforeseen Boon to Slumping Auto Industry
Hurricanes Provide an unforeseen Boon to Slumping Auto IndustryUp to 400,000 replacement cars sought in the Fresh or used auto marketU.S. auto discounts, that have been weak all year, received an unforeseen raise after hurricanes Harvey & Irma struck the U.S.. Fresh vehicle discounts rose in September & Rate used vehicle prices increased as consumers in hurricane-shock portions of the country looked to replace their flood-damaged cars . Fresh Vehicle discounts SoarSeveral great automakers posted significant every 30 days gains in September. "generality of this [used vehicle] value power could be attributed to the healing next Hurricane Harvey & Hurricane Irma," according to Manheim. Such off-lease cars going to recently fill the used vehicle market, driving drop prices & making Fresh vehicle buys unattractive.
Auto Industry Sees menace to Jobs & Profits From Donald trump's Nafta Push
as declared in Eliminating those efficiencies would amount to "essentially a $ten bn tax on the auto industry in North US," he said. Donald trump has said reducing trade deficits is the Organization's highest priority in the renegotiation of Nafta, a goal shared by the largest union for U.S. auto workers. "No amount of spin by corporate lobbyists representing companies who outsource could change the realities on what has happened to workers as a result of Nafta," United Auto Workers President Dennis Williams said in a statement. "NAFTA renegotiation going to just be successful if it leads to higher wages for workers in all 3 countries & puts an finish to our crippling auto trade deficit by Mexico." Auto industry lobbyists & executives are paying lock attention to U.S. suggestions on the rules of origin for cars.Auto Industry Warns Donald trump Is Proposing 'Lose-Lose' Changes to Nafta
The U.S. Chamber of Commerce & Mexico's auto industry group indeed have come out versus an anticipated suggestion for U.S.-specific content demandants. Introducing such a rule, or raising Nafta-made content demandants from today's 62.five %, can danger disruption to the auto industry's vast supply chain. Regional Content"If the regional content is by specific country, I think it adds a lot of complexity, & then every country would may need regional content," Walker said. The U.S. had a $63-bn trade deficit by Mexico final year, compared by a surplus of $seven.seven bn by Canada. "To have a try & change which would be very costly for the industry."— by assistance by Josh Wingrove, Jamie Butters, & Ryan Beene
collected by :Catlin Logan