Another downline impact of this, from an economic standpoint, is automaker sales. Depending on the automaker, fleet sales (much of which are to rental car agenc

Another downline impact of this, from an economic standpoint, is automaker sales. Depending on the automaker, fleet sales (much of which are to rental car agencies) can exceed 50% of total vehicle sales. So, if rental agencies aren't buying new cars this year, that will have a massive impact on automakers volume. Now, fleet sales are typically very low margin for automakers, but they still need that volume to keep the lines productive without reducing labor (another economic impact). One bright spot is that most suppliers that I have dealt with only produce about 25% of their volume for new car manufacturing and the rest are "service parts" (repairing existing cars). So, hopefully it won't have chapter 11 impact on most suppliers as the service market should be quote healthy again soon.