COVID-19 impacts on the auto industry

COVID-19 impacts on the auto industry

ABSOLUTELY GORGEOUS.

ADAM SAYSWE'RE GOING TO A HIGH OF 81TODAY TAKE ADVANTAGE OF ITWE'VE GOT THIS NICE BREEZEBLOWING THOUGH OURTEMPERATURES ARE ONLY GOING UPFROM HERE FROM MEMORIAL DAYWEEKEND GO OUT ENJOY SOME NICEMORNING.

THE CORONAVIRUSPANDEMIC REALLY TAKING A TOLLON THE CAR INDUSTRY.

FOX 40OUT EXPECT NICK MILES JOINS USLIVE FROM PORTLAND TO HELPBREAK THINGS DOWN.SO NIC GOOD MORNING SO GOODTO SEE YOU AS ALWAYS.

YES YOUTOO LET'S START WITH FOR NOWTHEY OPENED UP THEIR SUNDAYPLANT AFTER A FEW EMPLOYEES TOTEST POSITIVE FOR COVID-19.MONDAY WAS THE OPENING DAYFOR A LOT OF PONCE SAIDTHERE'S SOME STAGGERINGOPENING SO THEY WILL HAPPENTHROUGHOUT THE NEXT COUPLE OFWEEKS WASN'T LONG ON WEDNESDAYFOR DASCHLE HAD YOUPRECAUTIONS THAT S RIGHT FROMOPENING BUT WEDNESDAY THEY HADTO WORKERS WHO DISCOVERED TOBE POSITIVE FOR COVID-19 SOSHUT THE FACTORY DOWN A FEWHOURS THE CLEAN THEIR AREASAND OF COURSE SEND THEM INTOSELF ISOLATION THAT'S EXACTLYWHY ALL OF THESE MAJOR USAUTOMAKERS HAVE THESE NEWSTEPS AND PROCESSES IN PLACETO CATCH THOSE PEOPLE WHOMIGHT HAVE THE CORONAVIRUS ITWORK THAT BACK OPEN EVERYTHINGRUNNING AS NORMAL RIGHT BEFORETO TESLA THIS ONE HITS CLOSETO HOME FOR TESSA A LOT OFDRAMA HERE WITH ELAN MUSK INALAMEDA COUNTY JUST IN THE BAYAREA.SO WE'LL TESLA LEAVE THECALIFORNIA LOT OF PEOPLE ARETALKING ABOUT THIS AND WHEREWILL THEY GO.THAT THEY'RE LOOKING ATGOING TO AUSTIN TEXAS OROKLAHOMA.

THOSE ARE THE 2PLACES THAT THEY'RE TALKINGABOUT RIGHT NOW THE LAWN INMEETINGS WITH LOCAL OFFICIALSIN THOSE AREAS.

THIS IS INCALIFORNIA HAS DONE A HORRIBLEJOB BACK.

HE MEAN AUTOMOTIVEMANUFACTURERS IN THE SITETOYOTA MOVED TO PLANO TEXASBECAUSE THEY COULDN'T GET THEDEAL THEY WANTED WITHCALIFORNIA AND ALSO NICE ANDMOVED TO NASHVILLE, SO TESTTHAT COULD BE ON THEIR WAY TOTHE TEXAS OR OKLAHOMA IFCALIFORNIA DOESN'T CUT HIMSOME SLACK.

YEAH, WE KNOW THETREND AND WE DON'T LIKE IN WHOARE JUST HOPING TO KEEP TESLAIN CALIFORNIA.THIS IS ON A LOT OFPEOPLE'S MINDS RIGHT NOW CARPAYMENTS, THIS IS EVERYWHEREPARTICIPATING ORGANIZATIONS ALOT OF THAT A LOT OF CARMANUFACTURERS WILL THEYCONTINUE TO OFFER THIS 0INTEREST FREE FINANCING OR ANDOR RIGHT AND ORDERED SOME OFTHEM ARE OFFERING BOTH THEDEFERRED PAYMENTS.WELL, OF COURSE MEMORIALDAY WAS A GREAT DAY TO BUY ACAR BECAUSE THAT'S THEBEGINNING OF REALLY THE SUM OFSPAN IS IT WET RIGHT UP TOLABOR DAY BUT HERE'S THEPROBLEM.

SALES ARE RECOVERINGNOW IN THE UNITED STATES LOOKSLIKE 26% OFF OF THEIR ORIGINALTARGET SO IT'S GONE FROMAROUND 50% TO JUST 26% THATMEANS THINGS ARE MOVING IN THERIGHT DIRECTION, THOSE DEALSWITH DAD TO STIMULATE PEOPLETO BUY VEHICLES 84 MONTHS OR72 MONTHS WITH 0 PAYMENT SOME3 MONTHS PAYMENT DEFENDANTSTHEY'RE GOING TO START TOEVAPORATE AS SALES START TOWATCH IT CAREFULLY IF YOU'REGOING TO BUY THINK ABOUT DOINGIT NOW.OK IS IT A GOOD IDEA TO GETA 0% INTEREST.THIS PLUSES AND MINUSESGUESS YOU PAY LESS INTERESTTHAN THE SAME TIME THOSESOMETIMES IMBEDDED INTO YOURPAYMENTS THAT YOU HAVE TO KNOWDO YOUR MATH AS YOU KNOW BEVIGILANT ABOUT BUYING A NEWCAUSE A FEW THINGS YOU SHOULDGO THROUGH TO MAKE SURE THATYOU'RE ON THE RIGHT TRACK DOYOUR RESEARCH RIGHT NICK MILESALWAYS GOOD TO SEE BUT A STAYSAYING TO ME WE'LL SEE YOURIGHT 10 IS YOUR TIME THEYGO OUT AND 0% INTEREST AS LONGAS IRRESPONSIBLE.GET A GOOD CAR WAS SOMEGOOD AC CRANK IT SEEMS THERESEEMS LIKE A GOOD IDEA BECAUSEYOU WANT THAT AC WORKING THISWEEKEND, DEFINITELY BY THESTART OF NEXT WEEK WE'RELOOKING AT TRIPLE DIGITSCONSECUTIVELY SO A BIG STRETCH