Sagging Used-Car Prices, Spiking Maintenance & Repair Costs, and a Post-Bankruptcy Propaganda Coup Turn Toxic for Hertz by Wolf Richter • Apr 29, 2024 • 146 Comments Americans need lower car prices. But not Hertz. “The residual decline … was relative to both ICE vehicles and EVs”: Hertz
Gasoline Demand Has a Long-Term Structural Problem in the US: Plunging Per-Capita Consumption by Wolf Richter • Mar 7, 2024 • 215 Comments In 2023, gasoline consumption was where it had been 20 years ago, even as miles driven hit a record, on more efficient ICE vehicles and the shift to EVs.
Miles Driven Eke Out Record after Covid-Plunge: People Drive Less, but there Are More People by Wolf Richter • Feb 9, 2024 • 62 Comments But mass transit is still singing the remote-work blues. RTO not now?
Used-Vehicle Wholesale Prices Give Up 55% of Pandemic Spike: Historic Plunge after Crazy Spike by Wolf Richter • Feb 7, 2024 • 72 Comments But the plunge in retail prices of used cars and trucks hasn’t progressed nearly as much.
Auto Loan Balances, Subprime, Delinquencies, and Income: Who Are those Drunken Sailors? by Wolf Richter • Feb 6, 2024 • 98 Comments Subprime doesn’t mean “low income.” It means “bad credit” – and some is high income. And subprime loans are coming home to roost.
Tesla Closes in on Toyota in California: The Battle for #1. Total EV Sales +46% in 2023, EV Share Hits 21% by Wolf Richter • Jan 30, 2024 • 151 Comments Tesla +24.6%, Toyota +2%. Model Y +52%, #1 bestseller by far; Model 3 is #2 bestseller. Toyota loses it, Camry sales -16%, RAV4 +1%.
Another Online Used-Car Dealer Bites the Dust: Vroom, 3.5 Years after Red-Hot IPO, Shuts Down as Ally Suspends Credit Line by Wolf Richter • Jan 23, 2024 • 66 Comments The SPACs Shift Technologies and Carlotz are already dead. Carvana is still out there, after its distressed debt exchange.
Used-Car Wholesale Prices Have Given Up 53% of their Crazy Pandemic Price Spike: Historic Plunge Continued in December by Wolf Richter • Jan 8, 2024 • 136 Comments Used-Car Retail Prices have given up only 36% of their price spike so far.
Ugly Charts of Auto Sales: GM, Toyota, Ford. Stellantis, oh my, Got Crushed by Hyundai-Kia’s Record Sales. Tesla Has Arrived by Wolf Richter • Jan 4, 2024 • 131 Comments Automakers screwed up the market for decades with price increases and going upscale. Now they pay the price with dismal volume.
Tesla’s Deliveries in 2023 Jump 38% YoY, Rivian’s 146%, while Ford & GM Are Tangled Up in Anti-EV Revolts by their Dealers by Wolf Richter • Jan 2, 2024 • 114 Comments Tesla has always been willfully lousy in reporting delivery details. Today it made the obfuscation worse.
