<center>https://mentormarket.io/wp-content/uploads/2019/03/bmw.jpg</center> <br/><p>Seven days ago, I wrote a post titled,</p> <p style="text-align:center"><a href="https://steemit.com/investing/@rollandthomas/carmageddonisbackon-x9oxyz9q1n">Carmageddon Is Back On</a></p> <blockquote class="wp-block-quote"><p>You see, auto-loan delinquencies are at all-time highs again. But there are two distinct root causes that I can point to regarding Carmageddon:</p><p>1) Auto loan rates have risen from 4.56% in 2014 to 6.26% in February. Thus, a loan on new or used car has gone up 37%.</p><p>2) Carmakers that used zero-percent financing offers to juice sales at the height of the American auto boom are starting have nearly eliminated this store buster tactic because rising interest rates as well…their own borrowing costs.</p><p>3) Carshare / rideshare services like Lyft and Uber make it easier for the Millenials and next generations to use a car only when you need one, without the hassle of a car note.</p> </blockquote> <img src="https://mentormarket.io/wp-content/uploads/2019/03/image-419-1024x507.png" alt="" class="wp-image-12004" /> <p>Little did I know my scope was a bit narrow because we live and work in a global economy. BMW posted earnings yesterday and reported unfavorable results. BMW posted full-year pre-tax earnings of 9.12 billions in euros, down 7.9% from 2017 and profitability is expected to decline by 10% this year. </p> <img src="https://mentormarket.io/wp-content/uploads/2019/03/image-420-1024x504.png" alt="" class="wp-image-12006" /> <p>You see, BWM isn’t being affected by bad auto loans, but there are other forces hurting the car manufacturer.</p> <center><img src="https://mentormarket.io/wp-content/uploads/2019/03/image-421.png" alt="" class="wp-image-12008" /> <blockquote class="wp-block-quote"><p>BMW is particularly hard-hit by trade concerns, with earnings suffering from extra tariffs on vehicles made in Spartanburg, South Carolina, and shipped to China. Concerns over Brexit continue to weigh, and BMW has said it could move production of the Mini city car in Oxford to elsewhere in Europe should the U.K. leave the European Union without a deal. In addition, U.S. President Donald Trump has threatened to slap levies on European-made cars exported to the U.S.</p> </blockquote> <p style="text-align:center"><a href="https://finance.yahoo.com/news/bmw-warns-profit-slump-sets-090721838.html">Source</a></p> <p>Surprising, BWM didn’t talk about the German economy in their announcement because industrial output and PMI in Germany fell in December marking the fourth consecutive month and PMI which pretty much signals an inevitable recession.</p> <center><img src="https://mentormarket.io/wp-content/uploads/2019/03/image-422.png" alt="" class="wp-image-12010" /> <p style="text-align:center"><a href="https://tradingeconomics.com/germany/manufacturing-pmi">Source</a></p> <p>So how low can BWM go in the near term, lets go to the charts to find out?</p> <img src="https://mentormarket.io/wp-content/uploads/2019/03/image-423-1024x504.png" alt="" class="wp-image-12015" /> <p>The chart suggests there is more downside risks and the next level price will stop and bounce is the weekly demand at $60.</p> <p>This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.</p> <center>https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/upvote%20banner3.gif</center> <hr /> <center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a> </em></p> <center><em> on </em> <center><a href="https://mentormarket.io"><img class="size-full wp-image-2374 aligncenter" src="https://mentormarket.io/mentor/wp-content/uploads/sites/2/2018/11/150-blue-Overlay-6.png" alt="" width="150" height="40" /></a></center><center><em>with <a href="https://wordpress.org/plugins/steempress/">SteemPress</a></em></center><center><em>https://mentormarket.io/stocks/rollandthomas/bmw-not-immune-to-carmageddon-either/ </em></center> <hr /> <p style="text-align: center;"><a href="https://mentormarket.io/about/terms-of-service/"><img class="alignnone size-full wp-image-2373" src="https://mentormarket.io/mentor/wp-content/uploads/sites/2/2018/11/Disclaimer.png" alt="" width="750" height="125" /></a></p>
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permlink | bmwnotimmunetocarmageddoneither-ol4nxhbkt3 | ||||||
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Congratulations @rollandthomas! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) : <table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@rollandthomas/payout.png?201903220002</td><td>You received more than 8000 as payout for your posts. Your next target is to reach a total payout of 9000</td></tr> </table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@rollandthomas) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=rollandthomas)_</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> To support your work, I also upvoted your post! **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/carnival/@steemitboard/carnival-challenge-here-are-the-winners"><img src="https://steemitimages.com/64x128/http://i.cubeupload.com/rltzHT.png"></a></td><td><a href="https://steemit.com/carnival/@steemitboard/carnival-challenge-here-are-the-winners">Carnival Challenge - Here are the winners</a></td></tr></table> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
post_id | 71,830,355 |
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Here come the BMW offers! May be interesting given their growing lineup! Posted using [Partiko iOS](https://partiko.app/referral/newageinv)
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What do you mean by the BWM offers?
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permlink | re-newageinv-newageinv-re-rollandthomas-bmwnotimmunetocarmageddoneither-ol4nxhbkt3-20190322t224434317z |
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