Tag Archives: Used-Car Wave

Used-Car Wave May Weigh on Detroit

U.S. auto sales, due Tuesday, are set for their biggest year-over-year drop since the financial crisis. But this isn’t a reason to panic. Neither stock-market jitters nor interest rates are at fault. Instead, blame Grover Cleveland. The former U.S. president decided to commemorate Labor Day on the first Monday in September rather than May 1, like most other countries. This ... Read More »