Breaking: The Car Market Bubble Is COLLAPSING
Source: YouTube · Eurodollar University · published Dec 31, 2024 · 19:51
The auto industry is in a deep structural downturn, driven by overcapacity and a failure to recover from the 2020 pandemic supply shock, serving as a microcosm of the broader global economy's stagnation 0:30.
Key Takeaways:
• The ISM Chicago index fell to 36.9 in December 2023, its second-lowest since 2020, signaling collapsing demand and overcapacity 1:55.
• Volkswagen agreed to cut 35,000 jobs and reduce output by nearly 25% in Germany, with its Brussels plant set to close by February 2025 2:30.
• Stellantis shut down its Luton plant in England and halted operations in Italy due to weak demand, especially for electric models 3:17.
• Ford cut 4,000 jobs in Europe amid declining demand and regulatory pressures, highlighting industry-wide misalignment 4:00.
• Nissan and Honda are exploring a merger under government pressure to prevent Foxconn’s takeover, reflecting systemic overcapacity and weak global demand 5:07.
The auto sector’s collapse reflects a global economic failure to recover from the 2020 supply shock, with overproduction and stagnant demand triggering widespread layoffs and factory closures.
Sources:
- 0:30 The auto industry's overcapacity and lack of demand post-pandemic.
- 1:55 ISM Chicago index decline indicating weak demand.
- 2:30 Volkswagen’s job cuts and output reductions in Germany.
- 3:17 Stellantis plant closures and halted operations in Italy.
- [5:07](https://www.youtube.com/wat
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distress in the auto business has kicked way up over the last couple months another cyclical indication to add to broader concerns about the longrun health of the global economy the latest comes from the ism and it was bad for December second lowest since 2020 new orders that are crashing shipments that are cratering the entire industry is only now being forced to come to grips with far more overc capacity than had been previously hoped and it's a microcosm of the entire economy how there really was no recovery from the pandemic car makers all around the world had expected there would be and even a robust one and them finding out differently has only been delayed by the supply shock itself Car Sales were still relatively decent through last year and for some even into this year stellantis …