Big ticket items taking big hit

Toyota reported a decline in sales for the first time in seven years with car demand in the USA doing a one-up on that figure by having its own worst in seventeen years. It'd be an interesting exercise to take a look at the trade-down effect as wel. Revenue per sale would be an interesting number to know. At any rate, this tells me people have pulled back from big ticket items like new cars and instead paid a visit to the repair shop for once in the past seven years which should be decent for the owners and employees of said shops.

Eyeing the US Dollar and the Japanese Yen over the credit bubble implosion and carry trade reversal, it seems with this trend intact, they will not enjoy a strengthening of earnings into the next quarter.