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> Adversely affected Sectors > [..] > Auto sector (which includes automobiles and auto parts) will > continue to face challenges on account of lack of de
by weinzierl 7y ago
> Adversely affected Sectors
> [..]
> Auto sector (which includes automobiles and auto parts) will
> continue to face challenges on account of lack of demand, global
> recession and falling income levels.
I wonder if the auto sector will see a little boom post lockdown, but before a vaccine is available, because no one will want to use public transport anymore.
- Spooky23 7y agoMy guess is that it will be like 2008/9. Catastrophe for two-four years, then a boom as there will be a shortage of used cars. It’s already impossible to get mortgage refis. Who is going to want to hold the risk of an asset backed loan at the beginning of a depression?
- zrail 7y agoIt’s hard to get a refi because there was a huge demand spike when the Fed dropped the rate to zero. As that gets cleared out it’ll get easier again.
- jdietrich 7y ago> My guess is that it will be like 2008/9. Catastrophe for two-four years, then a boom as there will be a shortage of used cars. The shortage of used cars was entirely artificial, thanks to the disastrous cash-for-clunkers program. https://en.wikipedia.org/wiki/Car_Allowance_Rebate_System https://en.wikipedia.org/wiki/Car_Allowance_Rebate_System
- baby 7y agoI really hope not :/ San Francisco has already started closing down some streets to cars, and it's been amazing tbh.
- WalterBright 7y agoI hope this trend continues. Once people see how nice it is, I bet they agitate to keep it.