Auto Sales Slumped Badly in April

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Auto and light truck sales went from lackluster to downright bad in April:

The Wall Street Journal provides additional reasons to worry:

Another troubling sign: It is taking dealers far longer to sell off inventory, resulting in a glut of unsold cars and trucks. GM, the No. 1 U.S. auto maker, has nearly 1 million vehicles of unsold units on dealer lots….Fred Rentschler, a dealer in Slatington, Pa., said his family’s Chevrolet store has 120 models on the lot and another 50 being delivered, nearly 20% more than the same time last year. “They’re coming through with inventory,” he said. “We’re just not selling them as quickly.”

Also: discounts are high and interest rates are low. But that’s still not enough to get customers onto the lot. This is a modest downturn at the moment, but it’s yet another sign that something seems to be out of whack between what people say (consumer confidence is high) and what people are doing (retail sales are sluggish).

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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