Automakers in the US and Europe are experiencing Carmageddon, which is loosely defined as dismal demand for passenger cars. The retail brick and mortar meltdown is now spreading to Carmageddon, despite the so-called “economic recovery”. Carmageddon is now official as the auto industry reports its biggest challenges since 2009 in a climate of waning consumer demand for passenger cars Auto sales are down significantly since 2019. The...
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