I read several headlines moaning about slowing auto sales in China.
It is true that auto sales have dropped for two months in a row in China, but here is a number that would make Ford or General Motors green with envy — autosales dropped by 1.4% in September.
I don’t have the numbers at the tip of my fingers but I know that the U.S. automakers have been reporting 30% drops inmonthly sales.
Keep your eye on Toyota (NYSE:TM) too. It is getting very, very, very cheap.
