California Auto Woes: New-Vehicle Registrations Fall for 3rd Year, -9.5% from 2016. Bay Area Hit Hardest. Q4 Was Ugly, with Tesla Plunging 46%. But Used-Vehicle Market Grows by Wolf Richter • Feb 21, 2020 • 174 Comments Market share of EVs reaches 5.3%. The registrations data is out in all its glorious detail.
GM Better Figure Out How to Stop Shrinking, I Mean Globally & Pronto, Before It’s Too Late by Wolf Richter • Feb 18, 2020 • 151 Comments GM tries to shrink itself out of trouble. And it shrinks where it wants to grow. But when will it stop before hitting zero? Ugly charts of GM’s global vehicle sales, by region.
I, Who Vowed to Never-Ever Short Stocks Again, Just Shorted the Entire Market by Wolf Richter • Dec 30, 2019 • 334 Comments The setup is just too juicy.
Dow 25,000! Oops… by Wolf Richter • May 31, 2019 • 106 Comments Nasdaq down 8.7% in May. S&P 500 back to Jan 2018. Russell 2000 down 15.7% from peak, back to Sep 2017. FANGMAN except Microsoft get creamed.
Tesla Reports Another Doozie by Wolf Richter • Apr 24, 2019 • 76 Comments The ruse that helped shares jump 20%.
4 Months of Carmageddon in the EU Wipe Out Gains for 2018 by Wolf Richter • Jan 16, 2019 • 19 Comments Ford is big loser, Hyundai-Kia big winner, and Opel is someone else’s problem.
Carmageddon for GM, Ford & Toyota: 3rd Down-Year in a Row. Industry Sales Below 2015. Hyundai-Kia Drop 11% in 2 Years. BMW & Mercedes-Benz Fizzle by Wolf Richter • Jan 4, 2019 • 115 Comments But average transaction prices rise to record highs.
After Wasting $14 billion on Share-Buybacks, GM Prepares for Carmageddon & Shift to EVs, Cuts Employees, Closes 8 Plants by Wolf Richter • Nov 26, 2018 • 192 Comments A big shift, at a cost of $3.8 billion – which it now has to borrow.
