Wall Street Wakes Up to #Carmageddon by Wolf Richter • Jun 9, 2017 • 69 Comments Auto industry faces “Unprecedented Buyer’s Strike”: Morgan Stanley.
Haunting Photos of #Carmageddon: Hyundai Gets Crushed, as GM, Ford, Others Struggle by Wolf Richter • Jun 2, 2017 • 123 Comments Factory-fresh Hyundais stored on vast new gravel lots near Mexican border.
Liar Loans Dog Subprime Auto-Loan-Backed Securities by Wolf Richter • May 23, 2017 • 51 Comments Santander, top subprime auto lender, verified income on only 8% of loans: Moody’s
Used Vehicle Trade-in Values Sink, Hit New Vehicle Sales by Wolf Richter • May 18, 2017 • 95 Comments The #Carmageddon data is just relentless.
This Is How an Asset Bubble Gets Unwound these Days by Wolf Richter • May 17, 2017 • 58 Comments What the slow crash of classic cars says about the future of other asset classes.
#Carmageddon Now: Ford to Slash 10% of its Workforce by Wolf Richter • May 16, 2017 • 62 Comments “According to people briefed on the plan.”
#Carmageddon for Rental Car Companies: Wolf Richter on WRKO Boston by Wolf Richter • May 11, 2017 • 39 Comments Automakers and the used car market catch shrapnel. Uber did it.
Hertz Gets Crushed after “Even Worse than Expected” Loss by Wolf Richter • May 8, 2017 • 21 Comments #Carmageddon and Uber did it. For Carl Icahn, it just doesn’t let up.
Answers Emerge: This is How Badly Uber Eats into Hertz by Wolf Richter • May 7, 2017 • 65 Comments Uber burns a lot more cash, but Hertz gets keelhauled.
What the Layoffs at Ford’s Medium-Duty Truck Plant Mean by Wolf Richter • May 5, 2017 • 73 Comments Demand from businesses in the real economy is slumping.
