One year ago, annualized auto sales data, SAAR, seemed hopeful going into September. Then, all hell broke loose. Sales continued to crater, the auto manufacturer’s outlook became bleak and sure enough the bankruptcies came.
I hate to say "I told you so," but I did.
With a disaster on its hands, the current administration stepped up to the plate to offer an incentive program, similar to Germany's, in order to boost the auto sector. Thankfully, it worked.....
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