Used-Vehicle Auction Prices Jump for Third Month, after Last Year’s Plunge. More Trouble Brewing for “Core” CPI by Wolf Richter • Mar 7, 2023 • 82 Comments Retail supply of used cars and trucks dropped for second month in a row. Dealers bid up prices to replenish their inventories.
EV Sales Spiked in California. Share Hit 17%. ICE Vehicle Sales Plunged. First Uptick in Electricity Sales after 13 Years of Decline by Wolf Richter • Feb 10, 2023 • 1 Comment Camry was dethroned as perennial #1 by Tesla Model Y & Model 3. And finally a little growth for electric utilities.
Used-Vehicle Auction Prices Rise Again on Strong Retail Sales, after 2022 Plunge. Buyers’ Strike Over? “Core” Inflation at Risk by Wolf Richter • Feb 7, 2023 • 104 Comments These price increases “were not typical” for January: Manheim auction house.
EV Competition Finally Produces Results: Ford Cuts Prices on Mustang Mach-E, after Tesla, Kia, Hyundai, Chevrolet, Nissan Cut Prices on their EVs by Wolf Richter • Jan 30, 2023 • 93 Comments EVs now start at $27,000, about $20,000 below the average new-vehicle transaction price. That’s a good thing all around. Except for stock prices.
Subprime Auto-Loan Delinquencies Rise to 2019 Levels: a Dive into Subprime Lending and Securitizations by Wolf Richter • Jan 23, 2023 • 67 Comments Surge of delinquencies not caused by unemployment, but by taking Big Risks, hoping for Big Profits, and getting slapped, just as in 2019.
Hangover Time for Used-Vehicle Dealers. For Buyers, Patience Will Pay Off by Wolf Richter • Jan 16, 2023 • 168 Comments Cutting prices on dropping unit sales causes revenues to plunge.
Wild Ride of US Auto Sales in 2022 below 1977. Charts for GM, Toyota, Ford, Stellantis, Hyundai-Kia, Honda, and Nissan oh Dear by Wolf Richter • Jan 8, 2023 • 201 Comments Who got chips and who didn’t: Hyundai-Kia sales near all-time high in 2022, Honda’s sales collapsed.
Tesla Joins my Imploded Stocks, -70% from Peak: Object of Religious Veneration Turns into Automaker by Wolf Richter • Dec 24, 2022 • 267 Comments Beyond the consensual hallucination, the real world for automakers is not fun.
Ford Jacks Up Price of F-150 Lightning for 3rd Time since EV Incentives: What You Get for Subsidizing Products Already in Hot Demand & Short Supply by Wolf Richter • Dec 16, 2022 • 135 Comments Since the $7,500 EV incentives in the Inflation Reduction Act last August, Ford hiked the Lightning price by $16,000.
Rising But Still Low New-Vehicle Inventory Tripped Up by Shift in Demand from Trucks (Now Lots of Supply) to Fuel-Efficient Cars (Very Little Supply) by Wolf Richter • Dec 14, 2022 • 59 Comments US brands gave up on cars. Now their trucks are piling up. Asian brands dominate cars and have shortest supply. And prices are too damn high.
