The Collapse of the EV SPACs: Nikola Joins EV SPAC Bankruptcy Lineup. Here Are Those Already Bankrupt, and Those Not Yet by Wolf Richter • Feb 19, 2025 • 73 Comments The Consensual Hallucination that drove the EV SPAC mania didn’t die with the EV SPACs; it moved on to other stocks.
Auto Debts, Auto-Loan-to-Income Ratio, Serious Delinquencies for Prime & Subprime: Our Drunken Sailors and their Auto Loans by Wolf Richter • Feb 18, 2025 • 61 Comments Subprime, which means “bad credit” and not “low income,” is always in trouble. But it’s only 14% of auto loans. Prime is in pristine condition.
Used Car & Truck Prices Heading Higher on Tight Supply, Strong Demand, after U-Turn in mid-2024 from Historic Plunge. Used EV Prices Jump by Wolf Richter • Feb 8, 2025 • 88 Comments Already putting pressure on CPI inflation. Now comes tax-refund season.
Tesla Sales Got Crushed in Q4 in California, its Largest US Market. Non-Tesla EV Sales Jumped to a Record. ICE Vehicle Sales Dipped by Wolf Richter • Feb 3, 2025 • 75 Comments Since 2016, ICE vehicle sales plunged 31%, while EV sales soared 10-fold.
Subprime, Prime, and Overall Auto-Loan Delinquency Rates: Why this Surge in “Subprime” Delinquencies when “Prime” Is Pristine? by Wolf Richter • Jan 22, 2025 • 55 Comments We’re in the 4th cycle of the subprime profit motive after auto-loan securitizations became a thing in the early 1990s.
Why Used-Vehicle Prices May Put Upward Pressure on CPI, after Having Been a Powerful Contributor to Cooling Inflation by Wolf Richter • Jan 8, 2025 • 63 Comments The new-vehicle shortages of 2021-2022 now mean lower supply to the used-vehicle market, amid solid demand.
Ugly Charts of US Auto Sales, 2024: Stellantis Spirals into Catastrophe, GM, Toyota, Ford, Honda Rise but far Below Peaks. Hyundai-Kia Sets Record. EV Sales +10% despite Tesla’s Dip by Wolf Richter • Jan 3, 2025 • 249 Comments New Vehicle sales rise but still below 1986. GM, Ford, Hyundai-Kia book huge EV-sales gains.
What Should Tesla’s Stock Be Worth? Automaker, Stagnating Vehicle Sales like GM & Ford, Getting Overtaken by Competitors, Losing Share in the Booming EV Market? by Wolf Richter • Jan 2, 2025 • 145 Comments Tesla is now just another mid-size automaker amid EV competition that is eating its lunch.
GM Shuts Down its Misbegotten Robotaxi Money-Pit after Acquiring Cruise in 2016 and then Blowing $10 Billion on It by Wolf Richter • Dec 10, 2024 • 95 Comments Cruise was supposed to generate $50 billion in revenues by 2030, according to GM’s former hype, which Wall Street ate up.
Used-Vehicle Prices Turn into Inflation Headwind, after Historic 2-Year Plunge Helped Power the “Deceleration” of Core CPI by Wolf Richter • Dec 7, 2024 • 47 Comments Prices are rising again, amid tight supply, sharply reduced flow through the used-vehicle pipeline, and strong demand.
