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.
EV SPAC Lordstown Shows Why this Market Needs Short Sellers More than Ever; They’re the Only Sheriff Left in Crazy Town by Wolf Richter • Jun 17, 2021 • 86 Comments Lordstown now says it has “No Binding Orders” after saying it had “Binding Orders,” after admitting it had “No Binding Orders,” after hyping its binding orders for months. Sheesh.
Average Age of Cars & Trucks on the Road Jumps to Record: The Circular Problem for Automakers by Wolf Richter • Jun 14, 2021 • 175 Comments How do you sell more new vehicles when they last longer every year? You don’t! Over two decades of stagnation in vehicle sales interrupted by plunges.
“Tesla only sold ~10%” of its Bitcoin Holdings: Musk Speaks, Bitcoin Moves. But it Takes Two to Tango by Wolf Richter • Jun 13, 2021 • 152 Comments Pump and dump just for the heck of it? Why can’t this dude just shut up? That’s what people, including the SEC, want to know.
Subprime Auto-Loan Delinquencies, Which Had Exploded, Plunged after Stimmies. These Folks Are Now on Buyers’ Strike by Wolf Richter • Jun 12, 2021 • 136 Comments Investors in subprime auto-loan Asset Backed Securities should be genuflecting in front of US taxpayers to thank them for the backdoor bailout.
It Gets Ugly: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982. It’s “Permanent” not “Temporary,” Won’t Bounce Back by Wolf Richter • Jun 10, 2021 • 314 Comments But it’s a lot worse than it appears.
EVs Hit 8% Share in California’s Declining New-Vehicle Market: Shaking Up Legacy Automakers by Wolf Richter • Jun 9, 2021 • 180 Comments Tesla Model Y Blows doors off US bestseller Ford F-Series. But Tesla lost share within EV space against the giants it woke up.
