No, those used vehicle exports are not all going to Mexico. On the contrary.
Never a boring day in the SPAC & IPO hype-and-hoopla clown show.
Credit-score inflation throws a monkey wrench into the calculus of credit risk.
Craziness in used cars is far from over. Cheapest used EV models see biggest price gains. Only the Porsche Taycan, most expensive used EV, sees dip.
Average prices jump relentlessly from record to record.
Charts of stocks like these – hundreds of them now – are an indictment of the mania in 2020 & 2021. We’ll be shaking our heads for years.
The balance of loans & leases outstanding rose on much higher vehicle prices but much lower sales volume.
Romeo, battery-pack supplier to Nikola, reached the end of its runway. Nikola, which reported $0 revenues from truck sales, is desperately trying to raise cash.
Still the strangest auto market ever.
Some demand destruction is behavioral and may bounce back; some is structural, growing, and long term: The decline of an industry.