Monthly US auto sales data is trickling out.
The numbers started well with Chrysler reporting an 8% rise in sales compared to 5.4% expected but the numbers have soured. Ford’s sales were down 7.5% compared to 2.3% expected and GM sales were down a whopping 12% compared to 2.5% expected.
Weather can easily dampen car sales but it’s raising concerns. Stocks and USD/JPY are near the lows of the day heading into the ISM numbers.