Although the DOW was down 79 points, Tuesday ended relatively flat with the S&P 500 virtually unchanged and Toronto up 0.2%.
Constellation Software was up 2.7% while Shopify was down 2.0%.
Figures for March auto sales were released and there was an overall decline of 2,5% in light vehicle sales versus March of 2018. This is the 13th consecutive month of lower year-over-year sales. Still, March of 2019 was the third best March on record beaten only by 2017 and 2018. Fiat Chrysler had another bad month with sales down 11.5%. GM was even worse with sales down 18.4%. Ford was up 7.2%. Honda was up 12.0% and Hyundai was up 8.8%. April will be an easier comparable and so perhaps the
Once again, “light trucks” (which actually include even small SUVs) gained share and now represent 74% of sales volume.