In response to:

Global Collapse In Auto Sales Coming Up

tlynn Wrote: Jul 10, 2012 5:34 PM
We have an archaic excise tax on vehicles here in MA which tends to discourage new vehicle purchase. The tax, instead of being based on weight(heavier vehicles do more damage to roads than lighter vehicles), the tax is based on book value. So, it is front-loaded, decreasing over time, but very big up front. I don't know how many states operate this way, but it discourages new vehicle purchases, and unfairly shifts the real burden away from owners of heavier vehicles, onto owners of lighter vehicles.

In response to my post Plunging New Orders Suggest Global Recession Has Arrived I received a couple of interesting emails from readers, one from the US, the other from an employee of the world's largest automotive parts manufacturer.

Small US Distributor Responds

Dear Mish,

I am a small distributor and sell mostly to online stores. In the past 3 weeks, our business has dropped off a cliff.

Our retail store that usually has 5 orders a day, has had 1 in the past week. I also have a customer with an Amazon store and he has gone from 10 orders a day...