Bad Winter Weather = Huge Spring Auto Sales
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 2 June 2015
⏱️ 14 minutes
🧾️ Download transcript
Summary
May was a big month for U.S. automakers, especially Fiat Chrysler. Columnist Morgan Housel discusses auto sales, the pros & cons of a strong U.S. dollar, and what he observed on his trip to Grand Cayman.
Transcript
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| 0:00.0 | It's Tuesday, June 2nd. Welcome to Market Fullery. I'm Chris Hill joining me in studio today. |
| 0:06.5 | The one and only, Morgan Housele. Technically true, the one and only. |
| 0:10.0 | Thanks for being here. Thanks for having. You got a little bit of a tan a little bit not much we're going to talk about that |
| 0:16.7 | You're a faded burn more likely |
| 0:20.1 | You can take care of your skin, man. I try. |
| 0:23.0 | You gotta just slather that stuff on there. |
| 0:26.0 | We will talk about your trip because there is a business angle to the trip you just took, |
| 0:30.0 | even though it was not a business trip. |
| 0:32.0 | We will dip into the full mail bag. We will try and |
| 0:36.2 | figure out to what extent the US dollar is absolutely crushing companies because it seems more |
| 0:41.8 | and more like that is the case but let's start with what |
| 0:44.5 | appears to be the story of the day and that is auto sales for the month of |
| 0:49.0 | May were huge and maybe not that biggest surprise when you consider the winter that we had and |
| 0:58.4 | we've talked about this before. |
| 1:00.4 | There are businesses that are negatively affected by bad weather and then there are businesses that |
| 1:07.4 | It's a really a short-term thing you know yeah Dunkin Donuts not to pick on them, but you lose a donut sale. |
| 1:14.8 | No one's coming back the next day and buying more. |
| 1:18.0 | Whereas automakers, I think we're seeing the ripple effect of that, |
| 1:22.0 | the pent-up demand because auto sales were just unless you're Ford Motor |
| 1:25.9 | They were pretty strong across the board they're great and it's not just |
| 1:30.1 | Just auto sales compared to earlier this year. |
| 1:33.0 | But what really happened during the recession, |
... |
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