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.”
What I Think about Tesla’s Financials by Wolf Richter • Oct 24, 2018 • 84 Comments The chart that makes me scratch my head.
September Carmageddon for Ford and GM by Wolf Richter • Oct 2, 2018 • 80 Comments Ford drops to 4th place. Industry sales red for 2018. But FCA sales jump.
Musk Settles with SEC, Booted as Tesla Chairman. SEC Forces Tesla to Control his Lie-Tweets by Wolf Richter • Sep 29, 2018 • 57 Comments Not a slap on the wrist, but not a summary execution either.
SEC Socks it to Tesla CEO Musk, Shreds his Paper Halo by Wolf Richter • Sep 27, 2018 • 86 Comments SEC charges him with securities fraud, seeks to oust him from Tesla.
