Ready or not, here they come. Tough luck for drivers.
Yellen was right to brush off “transitory” factors of “low” inflation.
But there is no Financial Crisis. These are the boom times.
About 40 million will be sold this year in the US, and prices are rising.
Banks have started to tighten lending standards for prime and subprime borrowers, and it shows.
Carmageddon for Tesla, Fiat Chrysler, Hyundai, and Kia.
Wolf Richter on This Week in Money.
That wages have remained so low for so long is not by accident; it’s by design.
What’s Boiling Beneath the Surging Inflation?
Hounded by overcapacity. But other automakers do just fine with cars.