JP Morgan: Forget About Auto Sales Rebounding In The Second Half Of 2019

From zerohedge.com

In a new note out early this week, J.P. Morgan has shot down the idea of a second half resurgence in the automotive sector that many had expected would be the turning point for the industry, which is now mired in recession. "We see a challenging 2H ahead of us, possibly seeing signs of a flattish market vs the previously expected H2 recovery at the beginning of the year," the bank said. Even worse is that the note took down estimates out of China for the second half of the year. The largest auto market in the world has been helping spearhead the global automobile recession after once being looked at as the potential ... (full story)