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Interest Rates Will Weigh Down Auto Sector Despite Strong Consumer Sentiment [VIDEO]

Comerica Bank’s Chief Economist and SVP Robert Dye expects that the U.S. economy could be headed for a “fiscal cliff” next year. Despite a somewhat confident consumer segment, the weight of interest rates on the auto industry will soon take effect. When it comes to consumers, “It is the best of times and the worst […]

California, Michigan Auto Sales to Decline as Debt-Strapped Customers Curb Purchases, Economist Says

LAS VEGAS —  Economic weaknesses in Michigan and California may dampen auto sales and financing volume, said Robert Dye, senior vice president, and chief economist at Comerica Bank. “On a regional basis, we’re seeing weakness in the Midwest, and we’re also seeing weakness in the West, so there’s an affordability issue,” Dye said in a […]

Interest Rates, Labor Constraints Threaten to Derail Near-Historic Expansion, Economist Says

LAS VEGAS — Shifting monetary policy, a tight labor market, and a host of other challenges threaten to disrupt the second-longest business expansion in U.S. history, said Robert Dye, senior vice president, and chief economist at Comerica Bank, in a session yesterday at the 18th Annual Auto Finance Summit. The current business cycle has been in […]

Comerica Growth Strategy Focused on Adding Dealer Groups

Comerica Inc.’s National Dealer Services Group  average loans were $5.3 billion in the first quarter of 2014, up 8% from $4.9 billion in the first quarter of 2013 according to its first quarter earnings report Tuesday. During the company earnings call, CEO Ralph Babb told analysts that “the important thing from our strategy is that we […]