But average transaction prices rise to record highs.
The price of going upscale: New cars are too damn expensive, and Americans aren’t buying them anymore.
No one knows what’s going to happen.
Industry panics, overcapacity spreads, but government brushes off the wailing and gnashing of teeth, looks to EVs.
A big shift, at a cost of $3.8 billion – which it now has to borrow.
We knew “free money would inevitably end”: CEO Jackson. “Affordability would become an issue – particularly around new vehicles.”
The chart that makes me scratch my head.
Ford drops to 4th place. Industry sales red for 2018. But FCA sales jump.
Not a slap on the wrist, but not a summary execution either.
SEC charges him with securities fraud, seeks to oust him from Tesla.