Subprime Auto-Loan Delinquencies Rise to 2019 Levels: a Dive into Subprime Lending and Securitizations by Wolf Richter • Jan 23, 2023 • 67 Comments Surge of delinquencies not caused by unemployment, but by taking Big Risks, hoping for Big Profits, and getting slapped, just as in 2019.
Crushed Auto Sales, No Problem: Nov. was Most Profitable Month Ever for New Vehicle Sales as Americans Paid Whatever by Wolf Richter • Dec 2, 2021 • 166 Comments Thousands of dollars over sticker? I just don’t get this. Something big has changed in the brains of enough (but certainly not all) Americans.
New Vehicle Sales Plunged Further in August amid Inventory Shortages & Production Cuts: Chip Shortage Wreaks Havoc by Wolf Richter • Sep 7, 2021 • 134 Comments The average transaction price for new vehicles spikes to $41,000.
Will Americans, Who’ve Spurned Cheaper Cars for Decades, Buy a Lower-Priced Baby “Truck?” I Don’t Know Either by Wolf Richter • Jun 8, 2021 • 202 Comments Americans love big expensive equipment. And cheap cars have fizzled. Ford, which threw in the towel on its cheapest cars, is trying again.
Sales of New Cars & Trucks Through October Fell by 2.4 Million Vehicles, to 1985 Levels. Back to the Future by Wolf Richter • Nov 4, 2020 • 102 Comments For the Ultimate No-Growth Industry: price increases and pushing consumers into more expensive trucks and SUVs.
Ford Better Figure Out How to Sell Vehicles, And I Mean Globally & Pronto, Before it’s Too Late by Wolf Richter • Feb 6, 2020 • 153 Comments Ever since it got sidetracked by its “Smart Mobility” dream and blew billions on it, sales in its biggest markets have spiraled down. Not just in the US and China. Here are the ugly charts by market.
Tesla, Hit by Sagging US Sales, Goes Full-China with Design Center, Loans & Factory by Wolf Richter • Jan 16, 2020 • 165 Comments This move to China makes sense for a niche automaker struggling mightily in the US. But headwinds in China are even stronger than in the US.
Average Mileage on “Rental Risk” Vehicles Sold to Used Car Market Spikes. But Prices Soar Too. What Gives? by Wolf Richter • Jan 8, 2020 • 55 Comments The Changing Supply of Used Vehicles.
Australia’s New-Vehicle Sales Drop to Lowest Since 2011 by Wolf Richter • Jan 7, 2020 • 35 Comments Holden sales collapse. “Tough Year for the Australian Economy.”
US New Car & Truck Sales in 2019 Fell Below Year 2000 Level, 3rd Year in a Row Below 2016 Peak by Wolf Richter • Jan 6, 2020 • 60 Comments But not all faced falling sales. The top automakers in charts.
