Record car loan delinquency

 From Barchart

Not good.  If recession bites in the US --- and that seems increasingly likely --- this indicator suggests strains on consumer spending and banks' loan books, worsening the downturn.

Note strong seasonality.
I don't have the data, so I can't seasonally adjust them for you.

Car ownership in China similar to the United States in 1923

Two fascinating charts from the US energy dept:

From these charts you can see just how very important it is that all countries electrify their vehicle fleet, not just developed countries.  As living standards rise, more and more people in developing countries will want to own a car, or hire a shared car.  Look how far China has risen along the curve in just 10 years.

China new car registrations

After my post on China's June PMI, I thought this might be interesting.  China produces and buys about a third of world cars.  This kind of decline is scarcely consistent with the official GDP growth print, is it?

In 00's, seasonally adjusted