Trucks & Cars

That Drop in Used Vehicle Wholesale Prices Already Fizzled. Prices Rise Again. Dealer Listing Prices Hit Record $28,365

by Wolf Richter • May 21, 2022 • 135 Comments

Buyers’ revolt, sales plunge 19%. But dealers, sitting on high-priced inventory, resist price cuts, which would boost sales.

Inflation in Services, Housing, Food, New Vehicles Goes WHOOSH as Dollar’s Purchasing Power Goes to Heck

by Wolf Richter • May 11, 2022 • 139 Comments

Used vehicle prices continue to back off from ridiculous spike. But drop in gasoline prices was “transitory,” as we’re now learning at the pump.

State of the American Debt Slaves: Borrowing More to Buy Less due to Raging Inflation

by Wolf Richter • May 6, 2022 • 132 Comments

Credit card balances up 3.0% from 2019, CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases.

Deep-Junk-Rated Carvana Gets $4.5 Billion from New Investors, after Shares Collapsed by 79%, Hoping the World Hasn’t Run out of Greater Fools Yet

by Wolf Richter • Apr 25, 2022 • 88 Comments

The cash-burn machine needs new fuel.

CarMax Reported, Shares Plunged Further. Shares of Online Used-Car Startups Vroom, Carvana, and Shift Already Collapsed

by Wolf Richter • Apr 12, 2022 • 107 Comments

CarMax ran into resistance against ridiculous prices. The used-car startups face an existential crisis. Vroom shares collapsed 97%.

Used Vehicle Prices Finally Drop but Won’t Plunge All the Way Back to Earth in this Crazy Environment. Here’s Why

by Wolf Richter • Apr 8, 2022 • 137 Comments

Despite the jump in tax refunds, crucial for down payments, used car & truck retail sales fell, and auction prices dipped as price resistance set in.

After GM, Ford, FCA Abandoned Cars, Toyota, Now #1 in the US, Rubs In their Monumental Blunder Publicly

by Wolf Richter • Apr 7, 2022 • 216 Comments

There’s demand for cars, often lower priced. Abandoning them was an idiotic move to please Wall Street that’s now haunting the Big Three US automakers.

New Vehicle Sales Plunge as Chip Shortages, Production Cuts, Low Inventories Drag On. Back Where They’d Been in 1979

by Wolf Richter • Apr 4, 2022 • 134 Comments

Toyota, whose sales plunged less than GM’s and Ford’s, was #1 in Q1.

How the Vehicle Production Nightmare Upended Everything and Why Automakers & Dealers Don’t Want the Old Ways Back

by Wolf Richter • Mar 17, 2022 • 114 Comments

But There’s No Shortage of Used Vehicles.

Buyers’ Strike Sets in: Used-Vehicle Supply Balloons, First Dip in Crazy Prices. But New-Vehicle Shortages Persist

by Wolf Richter • Feb 21, 2022 • 100 Comments

Will CPI inflation back off as used-vehicle prices unwind? Ha, here come the massive CPI measures for rent that are now soaring. Inflation Whac-A-Mole.

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