Auto Sales Spike To 6.5 Year High; Beat By Most Since "Cash-For-Clunkers"

Tyler Durden's picture

Annualized auto sales spiked their most MoM in almost 3 years reaching their highest level since May 2007 and beating expectations by the most since cash-for-clunkers in 2009. Inventories are at record highs, GM channels are almost the most-stuffed on record, and incentives are surging once again... the "field of dreams" economy rolls on... what could possibly go wrong?

 

 

Mal-investment anyone?