The New Emissions & Fuel-Economy Cheating Scandal is just a Dimple.
What’s Causing the Subprime Auto Loan Fiasco?
GM’s Mexico vehicles now are 23% of its US sales. And the Japanese have massively discovered Mexico’s cheap labor.
But then there’s the “average transaction price.”
“A development that is surprising during a strong economy and labor market”: New York Fed
The New Battle-to-the-Death in the Auto Industry.
Pent-up demand for high-priced luxury cars in the era of Carmageddon is a tricky thing, especially when tax credits phase out.
So that U-turn was fast, even for the legendarily cyclical trucking business.
Americans love paying big profit margins for big equipment, and automakers love them for it, but total sales are declining, and something doesn’t add up.
And This Isn’t Even a Global Recession Yet.