New Vehicle Sales in June 2022 Plunged 25% from June 2019, Back to 1970s Levels, on Inventory Shortages by Wolf Richter • Jul 5, 2022 • 110 Comments Pent-up demand in time for the recession when supply might finally rise enough? This messed-up economy will continue to dish up surprises.
Average Transaction Price for New Vehicles Hits Record $45,844 in June, as Consumer Still Pay No-Matter-What, amid Inventory Shortages, Record Per-Unit Gross Profits at Dealers by Wolf Richter • Jun 26, 2022 • 229 Comments And despite the surge in interest rates for auto loans.
Here’s Where the Inventory Shortages Are, and Where Retailers Are Overstocked, by Retailer Category by Wolf Richter • Jun 22, 2022 • 132 Comments It’s still supply-chain chaos for retailers, but different retailers face different kinds of chaos.
New Vehicle Inventory, Stuck Near Record Lows, Gets Worse as Buyers Shift from Trucks to Economical Cars, which Vanish by Wolf Richter • Jun 17, 2022 • 215 Comments Average price jumps by $5,000 from year ago, to $45,495.
First EV SPAC Announces its Stock Will Go to Zero and Die by Wolf Richter • Jun 13, 2022 • 95 Comments From SPAC merger to Chapter 7 bankruptcy in 12 months. That was fast! Congratulations on the speed and on being first!
EV IPO Insta-Collapse: Phoenix Motor Plunges into Void on 1st Day, More on 2nd Day. Parent SPI Energy Already Imploded 99% by Wolf Richter • Jun 9, 2022 • 70 Comments Wall Street is still trying to bleed retail investors. But they’re no longer all that eager to get bled.
What I think Musk Did, Genius Manipulator he is, by Threatening to Decimate Tesla’s Salaried Staff & Management while Increasing Headcount of Factory Workers by Wolf Richter • Jun 3, 2022 • 270 Comments He has a rebellion over WFH on his hands, not a demand problem for EVs, and is knuckling them into submission.
EV SPACs Warn about Running Out of Cash: The Beginning of the End for the Craziest Stock Bubble Ever by Wolf Richter • May 30, 2022 • 173 Comments Electric Last Mile said it might only make it “into June.” So far in this cycle, 25 SPACs have warned they might not make it, including 6 EV SPACs.
Average Age of Cars & Trucks in Operation Rises to Record, as New Vehicle Sales & Miles Driven Plunged by Wolf Richter • May 23, 2022 • 79 Comments Scrappage rate dropped to lowest in two decades, as used vehicle prices spiked the most ever.
Economical Cars, Hybrids, Small SUVs Suddenly Hot, Inventories Depleted. But Supply of Trucks & Full-Size SUVs Rises by Wolf Richter • May 22, 2022 • 147 Comments Funny how that works when gasoline prices spike.
