Like I Said, General Motors Is Headed For A Traffic Jam

[Weird Tolkienish Figure]

With the car sales data all the way through April's activity now in hand, I'm going to reiterate my original thesis. That is, peak auto has already happened. Ford Motor (NYSE:F), General Motors (NYSE:GM) and all the rest of the big names in the business are heading into a long-term cyclical headwind. Though there are always some consumers that want/need new cars, it doesn't look like we're going to see a super-swell of demand like we did in 2016 for a long while.

https://seekingalpha.com/article/4068244-like-said-general-motors-headed-traffic-jam