Bottom Suddenly Falls Out of Demand in China in Many Sectors by Wolf Richter • Jan 19, 2019 • 93 Comments “What we witnessed in November and December was just extraordinary.”
4 Months of Carmageddon in the EU Wipe Out Gains for 2018 by Wolf Richter • Jan 16, 2019 • 19 Comments Ford is big loser, Hyundai-Kia big winner, and Opel is someone else’s problem.
China’s Consumers Rattle Global Automakers as Sales Plunge by Wolf Richter • Jan 14, 2019 • 56 Comments Welcome to the Big Club of Saturation & Decline.
Carmageddon in the UK: Auto Sales Plunge 12% in 2 Years, Diesels in Death Spiral. Consumers, Businesses, Fleets Cut Back by Wolf Richter • Jan 7, 2019 • 45 Comments This is getting serious.
Carmageddon for GM, Ford & Toyota: 3rd Down-Year in a Row. Industry Sales Below 2015. Hyundai-Kia Drop 11% in 2 Years. BMW & Mercedes-Benz Fizzle by Wolf Richter • Jan 4, 2019 • 115 Comments But average transaction prices rise to record highs.
Carmageddon for New Cars, But Used Cars are Hot by Wolf Richter • Dec 29, 2018 • 119 Comments The price of going upscale: New cars are too damn expensive, and Americans aren’t buying them anymore.
Amid Brexit Mess, UK Car Production Reels from Worst November since Financial Crisis by Don Quijones • Dec 25, 2018 • 58 Comments No one knows what’s going to happen.
China Auto Sales Plunge, Face First Annual Decline in 30 Years by Wolf Richter • Dec 11, 2018 • 60 Comments Industry panics, overcapacity spreads, but government brushes off the wailing and gnashing of teeth, looks to EVs.
After Wasting $14 billion on Share-Buybacks, GM Prepares for Carmageddon & Shift to EVs, Cuts Employees, Closes 8 Plants by Wolf Richter • Nov 26, 2018 • 192 Comments A big shift, at a cost of $3.8 billion – which it now has to borrow.
“Double Whammy of Rising Rates for Us and Our Consumers”: AutoNation by Wolf Richter • Oct 31, 2018 • 70 Comments We knew “free money would inevitably end”: CEO Jackson. “Affordability would become an issue – particularly around new vehicles.”