Car inventories are up 195% in 2024

New car inventories have made a remarkable recovery from their pandemic lows. They’ve soared to 2.40 million from a mere 0.9 million. This substantial increase in inventory, along with the urgency to address rising floor plan expenses, is compelling dealers to adopt lower pricing …

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China Starts Building Oil Inventories Again

By Charles Kennedy of OilPrice.com Chinese refiners switched from drawing to building oil inventories again in October, at a rate of over half a million barrels daily. That’s according to calculations made by Reuters’ Clyde Russell and based on official import and processing …

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