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“I’m Truly Starting To Fear The Worst For The US Car Industry…”

Authored by Ethan Gaines via A Cold War Relic blog, I love selling cars, the industry gave me a purpose after the shitty experience of being a corporate cog. But I’m truly starting to fear the worst for the American car industry. The industry has shown growth since the dark days of the recession but […]

Self-Driving Cars And Deciding Who Lives And Dies – Sacrificing Your Family For The “Greater Good”

Authored by Alex Thomas via SHTFplan.com, As the establishment continues to declare that the era of “self-driving” cars is upon us, many Americans have been left wondering what the privacy implications for such a tremendous change in society will end up being. Now, with the very real possibility that, in the event of an accident, these […]

Cash-Hemorrhaging Uber Announces Plans To Drop $1 Billion On Driverless Volvos

Earlier this summer we noted Uber’s staggering 2Q cash burn of $600 million which equates to roughly $7 million in net cash outflows every single day.  The staggering, and consistently growing, cash burn figures resulted in several mutual funds announcing they would slash their valuations of the struggling rideshare company by up to 15%.  Of […]

Brits Have Suddenly Stopped Buying Cars

British people have suddenly stopped buying cars and as BI's Jim Edwards notes, it's not clear why. As the following chart from Barclays shows, both new- and used-car sales have collapsed…   While the slump in consumer confidence remains a major factor… But as Edwards notes, a number of other factors are colliding simultaneously to […]

Congress Just Signed “The Four-Wheeled Patriot Act”

Authored by Eric Peters via EricPetersAutos.com, Whenever Congress does something unanimously (or nearly so) you can rest assured it’s in their interests, not ours. The USA Patriot Act comes to mind. Another is the Safely Ensuring Lives Future Deployment and Research in Vehicle Evolution Act – aka the SELF DRIVE Act – which was rubber […]

Here’s How Much You’ve Lost On Your Used Car So Far In 2017 (Hint: A Lot)

America’s favorite rapidly-depreciating asset is now losing it’s value fast than ever…which is probably not good news for an auto market in which 25% of people were already underwater by an average $3,635. According to Black Book, average used car prices have dropped 17% over the past 12 months as America’s complete transformation into a […]

Autonomous Cars Could Impact Nearly 16 Million Jobs In U.S., Commerce Department Finds

The technology required to enable fully autonomous cars is not here yet. You’ll get no argument from us on that point.  Despite the loftiest of wishes from companies like Uber and Tesla, for now autonomous cars can’t seem to stop running red lights…which is a slight issue.  And that says nothing about the societal transformation […]

Used Car Prices Crash To Lowest Level Since 2009 Amid Glut Of Off-Lease Supply

The U.S. auto market is at an interesting crossroads with used car prices crashing to new lows every month while new car prices continue to defy gravity courtesy of a somewhat ‘frothy’, if not suicidal, lending market that has seemingly decided that anyone with a pulse is financially qualified for a $0 down, 0% interest, […]