U.S. Auto Makers Hoping for Green Christmas

U.S. Auto Makers Hoping for Green Christmas (Bloomberg)

As auto makers stare down year-end inventories, they’re seeing lots bursting at the seams with cars and trucks. In fact, entering November, data provider WardsAuto found 3.4 million cars and light trucks populating U.S. lots, the highest figure since 2005. However, dealers still have to move those cars to make up for missed deliveries and production estimates in September and October. To do so, industry experts claim car companies either will have to trim production — a la Ford — or reduce prices to sell this many autos before year-end. For investors, that could mean falling share price through the year’s end.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.

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