Auto Sales Drop, Miss For 5th Month In A Row; Worst Year-To-Date Performance Since 2009

Spin that Phil LeBeau...

 

This is the biggest miss for domestic auto sales since September (and weakest total print since last April)... This is the longest streak of missed expectations since 2008

 

Printing 12.88mm SAAR vs 13.40mm in March - this is the biggest year-to-date drop since 2009.

 

Charts: Bloomberg

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