Used Car & Truck Prices Spiral Down Further in Historic Plunge, Surrender 60% of Stunning 2-year Spike by Wolf Richter • Jul 9, 2024 • 63 Comments But used EV prices still +61% from Jan. 2020, used ICE vehicles +31%. When will they bottom out? Compact cars approach affordability again.
New Vehicle Sales, Q2: EVs Surge YoY, Except Tesla. Stellantis Drops to #6 for First Time, behind Honda. GM & Ford ICE Vehicles Dip YoY, but their EVs Spike. Prices Drop by Wolf Richter • Jul 3, 2024 • 82 Comments The CDK cyberattack wreaked havoc on processing and reporting deliveries by nearly 15,000 dealers.
Ford F-150 Falls off Cliff in Q1 Registrations, Toyota RAV4 Leaps to #1, Tesla Model Y Gains Share, Still #2 Bestseller in the US by Wolf Richter • Jun 24, 2024 • 100 Comments Car and truck bestseller rankings in the US got stirred and shaken in Q1 2024.
Largest Auto Dealers Begin to Warn about Impact of Ransomware Attack Crippling Dealer Software Provider CDK by Wolf Richter • Jun 24, 2024 • 89 Comments “As the incident is ongoing, the full scope, nature and impact of the incident is not yet known”: AutoNation today.
The Collapse of the EV SPACs: Fisker Joins the Bankruptcy Party, Others on the Verge by Wolf Richter • Jun 19, 2024 • 107 Comments Consensual Hallucination drove that SPAC boom during the free-money era.
Used Car Wholesale Prices Continue Plunge, Gave up 59% of Pandemic Spike. But still up 35% from Jan 2020: EVs +72%, ICE Vehicles +34% by Wolf Richter • Jun 10, 2024 • 92 Comments Compact trucks +70% since Jan 2020; full-size pickups +39%, SUVs +30%, compact cars +20%. Auto insurance +44% since Jan 2022.
New-Vehicle Supply Turns to Glut for Many Brands. Automakers Roll out Incentives, but Not Nearly Enough by Wolf Richter • May 21, 2024 • 141 Comments Inventory gluts are resolved by lower prices that boost sales. But that part hasn’t started yet; the glut is still building.
Subprime Auto Loans Are Getting Messy by Wolf Richter • May 18, 2024 • 69 Comments Huge profits in subprime caused specialized dealers/lenders to take big risks, which came home to roost. But prime auto loans are in pristine shape
Used Car Prices Continue Historic Plunge, Wholesale Prices Gave up 59% of Crazy Pandemic Spike by Wolf Richter • May 7, 2024 • 99 Comments Even during tax refund season! Exactly what Americans need. But it’s not helpful for big fleets, such as Hertz.
Sagging Used-Car Prices, Spiking Maintenance & Repair Costs, and a Post-Bankruptcy Propaganda Coup Turn Toxic for Hertz by Wolf Richter • Apr 29, 2024 • 146 Comments Americans need lower car prices. But not Hertz. “The residual decline … was relative to both ICE vehicles and EVs”: Hertz
