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U.S. auto sales in March are shaping up to be disappointing from the industry’s point of view, but for consumers that’s good news because incentives are relatively high and likely to stay that way. “We’re seeing a rebound but not the rebound I think everyone was hoping for,” said Eric Lyman, vice president for partner development and editorial for ALG Inc. The upside for consumers is that incentives for March were the highest they’ve been since 2010, at an average of $2,773, according to TrueCar, based in Santa Monica, Calif.
Asia Confidential has received a lot of feedback on our view of the relative attractiveness of Chinese and South Korean stocks in both Asian and international contexts. Some of the feedback has suggested that the risks with these markets are too great to make them investible at this juncture. Risk is a topic little understood by the average investor and largely misunderstood by the financial industry. As a general rule, investors who want above-average investment returns usually have to be prepared to take on above-average risks. If investors have a low tolerance for risk then they shouldn’t expect anything but low returns.
The Federal Trade Commission is clamping down this year on misleading auto dealership advertising, in a series of cases the FTC named Operation Steer Clear. Since January, the FTC has disclosed settlements with 10 dealerships in seven states. The latest example was last week, involving Courtesy Auto Group in Attleboro, Mass. According to the FTC, the group advertised “$0 down payment” without adequately disclosing other fees. Other dealerships included in the FTC crackdown were in California, Georgia, Illinois, Michigan and Texas.