April 3, 2020 | Vehicle Sales Plunge by 5.5 Million Units, Most Since 1987

Vehicle Sales Month Over Month
On a month-over-month basis, sales fell 32.15%. On a percentage basis, this is more than 987 but less than the 35.37% decline in September 2009.
There is no reason to expect a huge rebound in sales.
Incomes and savings have been clobbered by layoffs that have just started.
As noted earlier day, Unemployment Rate Jumps to 4.4% But Worst is Yet to Come
I expect the unemployment rate to hit at least 12% in April and more likely something close to 20%.
A deep recession is coming up.
For discussion, please see Covid-19 Recession Will Be Deeper Than the Great Financial Crisis
Mike “Mish” Shedlock
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Mike 'Mish' Shedlock April 3rd, 2020
Posted In: Mish Talk