Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter A six-quarter surge, with first signs that some of it has started to unwind. The inventory pileup I have been discussing for a while played a big role in the surprisingly strong 3.2% GDP growth reported on Friday, but it …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Expansion and investment plans frozen, after deliveries of Teslas plunged in Q1. The core of every Tesla is the battery, and the core of the battery is the battery cell technology, and that technology doesn’t belong …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Many Americans are priced out of the new-car market. At wholesale auctions, used-vehicle prices rose 4.0% in March from March last year, according to Manheim, the largest auto-auction company in North America, which runs about 8 million …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Ford wisely kept its mouth shut. The problem with Mercedes and BMW is that they don’t yet sell luxury pickups, though they’re finally figuring it out. The first quarter was not pretty for new-vehicle sales in …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The New Emissions & Fuel-Economy Cheating Scandal is just a Dimple. It’s tempting to think that Ford’s Carmageddon is a new “dieselgate” after Ford announced last night that “a handful of employees raised a concern” about …
by David Haggith We now know that the Retail Apocalypse took another trip downhill during the all-important holiday season. December reports show retail sales declined more in one month than they have since … the Great Recession. Notice what a common …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Americans love paying big profit margins for big equipment, and automakers love them for it, but total sales are declining, and something doesn’t add up. The average transaction price of the vehicles sold by Fiat Chrysler …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is getting serious. Sales of new passenger vehicles, as measured by registrations, dropped 5.5% in December from a year earlier in the UK, the second largest auto market in the EU, behind Germany. Sales in …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But average transaction prices rise to record highs. In terms of new-vehicle sales in the US, 2018 was the third relentless down-year in a row for three of the four biggest automakers, GM, Ford, and Toyota. …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The price of going upscale: New cars are too damn expensive, and Americans aren’t buying them anymore. Based on new-vehicle sales data this year through November, plus my own estimates for December, for the year 2018, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Ford drops to 4th place. Industry sales in the red for the year. But FCA sales jump. GM stopped giving out monthly numbers of new-vehicle deliveries earlier this year, and switched to quarterly releases. Today it reported its …
by David Haggith Like the disintegration of the formerly charmed stock market, the return of Carmageddon is right on schedule. I had stated early last year that one of the first cracks in our economy to become evident would be the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The end of an era in the US Auto industry — until $7 gas arrives. “Cars,” as the auto industry defines them, are going to die. Not necessarily the vehicles, though they’re disappearing too, but the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Carmageddon but not Truckmageddon The GM plant in Lordstown, Ohio, which only builds the Chevy Cruze compact car, already went through layoffs in 2017 when it trimmed its three shifts to two shifts and cut 1,200 …
John Embry – The Situation Is Now Rapidly Deteriorating In The West July 06, 2017Today John Embry warned King World News that things are rapidly deteriorating for Western central planners. Things Are Rapidly Deteriorating John Embry: “Eric, I think investors …