Average Miles Driven per Vehicle Drop to 1992 Level: Automakers Not Amused by Wolf Richter • Jun 29, 2019 • 87 Comments They’re engaged in a highly competitive, saturated market, dominated by finicky Americans who demand top quality, but who drive their vehicles less.
Average Age of Vehicles Sets Record, New-Vehicle Sales Drop to Where They Were 20 Years Ago. What Are Automakers Doing? by Wolf Richter • Jun 27, 2019 • 109 Comments Part of Carmageddon, But Consumers Demand It
Jaguar Land Rover Books its Biggest-Ever Annual Loss. Sales Collapse in China by Don Quijones • May 21, 2019 • 22 Comments China deliveries in its fiscal year: -34%. And not getting better: in April, -45%.
Subprime Bites: Auto-Loan Delinquencies Spike to Q3 2009 Level, Despite Strongest Labor Market in Years by Wolf Richter • May 15, 2019 • 80 Comments But what will happen to banks and automakers when the cycle turns?
The State of the American Debt Slaves, Q1 2019 by Wolf Richter • May 8, 2019 • 150 Comments It’s a tough job, but someone’s doing it.
Did Someone Turn Off the Spigot? Global Semiconductor Sales Plunge Most Since the Financial Crisis by Wolf Richter • Apr 30, 2019 • 91 Comments According to chip makers, the plunge isn’t over yet. Now hoping it won’t turn into the mess as in 2001 when the last tech bubble became the dotcom bust.
US Auto Imports from Mexico Surge 10% in Q1 to New Record, Despite Dropping Sales in the US by Don Quijones • Apr 24, 2019 • 19 Comments 16% of the 4 million new vehicles sold in the US in Q1 were assembled in Mexico.
China EV Manufacturing Bubble Faces Getting Bludgeoned by Wolf Richter • Apr 15, 2019 • 52 Comments There are now 486 EV manufacturers in China, triple from two years ago. Most will disappear.
Uber Discloses 3-Yr $10-Billion Loss from Operations, Stalling Rideshare Revenue & 50 Pages of “Risk Factors” that Are Not for the Squeamish by Wolf Richter • Apr 11, 2019 • 89 Comments But it had big tax benefits & one-time gains. And Uber Eats is hot, so to speak.
UK Auto Sales Now Down 15% in Q1 from 2 Years Ago. Diesels in Death Spiral by Don Quijones • Apr 5, 2019 • 29 Comments But “superminis” are hot.
