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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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]