Dollar’s Purchasing Power Plunged at Constant Speed by Wolf Richter • Aug 11, 2021 • 154 Comments Now it’s new vehicles, restaurants, energy. Game of Whac-A-Mole as some price spikes slow while others begin. But it’s a lot worse than it seems.
Used-Vehicle Madness Unwinds Teeny-Weenie Bit, 2nd Month by Wolf Richter • Aug 6, 2021 • 97 Comments I’d say, prices at wholesale are still idiotic, but slightly less idiotic. Retail prices lag a month or two.
New Vehicle Sales Slammed by Semiconductor Shortage, Record Low Inventories, Beginnings of Buyers’ Strike by Wolf Richter • Aug 4, 2021 • 147 Comments Frustrated by lack of choice and puffed-up prices, many customers walked.
State of the American Debt Slaves: Forbearance & Free-Money Phenomenon amid Soaring Prices of Homes & Autos by Wolf Richter • Aug 3, 2021 • 198 Comments Mass-forbearance is the best thing that ever happened to sweeping reality under the rug. But now, there’s a huge mess under the rug.
Normally Astute American Car Buyers Just Pay Whatever: AutoNation, Largest Auto Dealer in the US by Wolf Richter • Jul 19, 2021 • 180 Comments The explosion of per-vehicle gross profit shows why buying a car or truck now is nuts. But lots of people did though they didn’t need to: inflationary.
While the Fed Fiddles, the Dollar Burns: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982 by Wolf Richter • Jul 13, 2021 • 330 Comments Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems.
Was This Finally “Peak Insanity” in Used Vehicle Prices? by Wolf Richter • Jul 8, 2021 • 89 Comments All kinds of crazy spikes in used-vehicle wholesale and retail markets topped out, but by only a tad.
Semiconductor Shortage Slams Auto Sales in June. Ford Swoons. Toyota, after Hoarding Chips, Blows Away GM for First Time Ever by Wolf Richter • Jul 3, 2021 • 153 Comments Toyota, pioneer of just-in-time inventory, goes: Hahahahaha…
Consumers Pay Whatever it Takes, Vehicle Prices Go Nuts, Dealers Make Record Profits, Whole Mindset Changed. Is This Inflation Temporary? by Wolf Richter • Jun 30, 2021 • 262 Comments The used vehicle price spike will subside, partially, but the psychological aspects of inflation have set in.
Where Shortages Show up: The WTF Plunge in Retail Inventories by Wolf Richter • Jun 21, 2021 • 159 Comments How messed up the economy has become, fueled by government moolah and Fed manna, when nothing and no one was ready for it.