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.
Who Holds the Recklessly Ballooning US National Debt of $34.7 Trillion? by Wolf Richter • Jun 23, 2024 • 169 Comments All of these Treasury securities have been sold. So here are the holders.
Home Sales Sag Further, Hit by Mortgage Rates. Price Cuts & Active Listings Surge. Median Price Skewed by Surge in High-End Sales by Wolf Richter • Jun 21, 2024 • 217 Comments Sales in the mid- and lower range swoon as many people who need a mortgage seem to be waiting for lower rates.
Global Steel Production Update: China’s Property Crisis & Manufacturing Slowdown Trigger China’s Worst Ever 3-Year Drop of Steel Production, after Years of Blistering Growth by Wolf Richter • Jun 20, 2024 • 64 Comments US production of crude steel edged down further. Nucor Steel moved up to #15 globally. US Steel, #24, gets acquired by #4, Nippon Steel.
The Foreign Holders of the Ballooning US Debt: They’re Buying, But Don’t Keep Up by Wolf Richter • Jun 19, 2024 • 120 Comments As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite.
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.
Our Drunken Sailors Bought Lots of Stuff at Retailers, including Vehicles, But at Prices that Fell from the Pandemic Spike by Wolf Richter • Jun 18, 2024 • 56 Comments Inflation-adjusted consumer spending & GDP will reflect that strength.
Hot Wage Growth Bedevils Wishlist for ECB Rate Cuts by Wolf Richter • Jun 17, 2024 • 41 Comments Wages jumped by 5.3% in the Euro Area, matching the prior record. The ECB pointed at wage growth as a risk to its inflation outlook.
The Most Splendid Housing Bubbles in Canada, May 2024: Prices Drop Further, -14.4% from Feb 2022 Peak, -2.4% YoY, back to Sep 2021. Spring Rally Dud by Wolf Richter • Jun 17, 2024 • 29 Comments Sales drop further, new listings & inventory rise. Prices: Toronto -16% from peak. Vancouver flat for 9 months, -2.5% from peak. Calgary & Quebec hit new highs.
