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Number 7-ranked automotive ($1.69T, -2 percent; with $8.4B to print, +4 percent) is stalled in new and used vehicles ($700B, -3 percent) and rentals/leases ($237B, -12 percent). Consumer spending on durables, impaired by high debt and low savings, will cause the biggest brand and dealership shakeout in 50 years. Print promotional spending, in turn, will be driven up at the retail level.
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- People:
- Vincent Mallardi
- Places:
- United States
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