The Retail Automotive MELTDOWN has begun...Updated with links

People are learning that modern cars, with all their bells and whistles, complex electronics, safety systems, engine control, sensors, on and on are a terrible liability, even when under manufacturers warranty. After 7 years the car has little value.

The features (often mandated) on the very latest cars are going to make them impossible to repair outside the dealer network. Manufacturers have screwed themselves by going down the road of leasing car almost like a rental.

Well, when people are asking $26,000 for 1996 F250s with 220,000 miles on them, and $16,500 for 1998 Tacomas with 300,000 miles, there's a problem.

And in general, everyone willing to bend over, get reamed in the ass, and get massively ripped off, has already done it.

The rest of us said fuck this shit, I guess I won't be buying a car or truck.

Some slightly used ones can be had for free in Gaza.

That's exactly what we said when we saw the data.

"Early Adopters" have run out.

If I lived somewhere that i needed an HOV lane tag, i might have one. Some are fun to drive, they haul ass.

As an expert in automotive, I have said for years, pre-hype, that EV's are not the answer.

There are many alternatives out there and combustion (localized power plants, i.e.; engines) cannot be replaced. A vehicle must GENERATE it's own power, NOT STORE IT!

Now, since nuclear fusion is a few years away, we must think of other stuff like:

Synthetic Gasoline
Natural Gas (methane)
and another shorter term solution:

HYDROGEN. Hydrogen will create other problems once it is widely used as a byproduct of it is water vapor. Once you put a bunch of water vapor in the atmosphere, I'm sure someone will find a way to bitch about they humidity being higher

It certainly is. I’ve been waiting for this to buy a new car.

when you charge 100k for a 30k vehicle shit happens duh

evs are sitting on the lot, rotting.

I want some battery pants.

The sales side (or variable operations) in the Retail Automotive sector is car-shing. Service (fixed ops) isn't fairing much better. I'm very glad I sold my store a few yrs ago.

I consult for several OEMs, and they are beginning to panic. At several, ROS, or Return on Sales (a closely watched metric) is down by 70% (+,-), over the last 45 days. They thought it was a blip at first, when ROS was down 25% and it just kept going. I will not name specific OEMs and risk violating my NDA.

Return on Sales is a primary indicator of a company's health. Some OEMs are now cutting production which is still no where near pre-Covid levels.

We are about to see massive incentives (rebates) at many OEMs. Once these start, used car values will plummet even further (because new become much less costly) Days to turn on used cars is skyrocketing (drawdown of 18.2% in October which was the largest drawdown ever see Zerohedge article). This will put some dealers out of business as they will find themselves millions of dollars in the hole on their used car inventory. Only the ones with large reinsurance reserves or with significant cash on hand will survive.

One of my points is; if you are in the market for a car, truck, CUV, SUV wait until about February. Prices will be 25% (or more) lower than they are now. Notice all the dealerships near you are jam packed with inventory again.

I was at a conference last week where JD P..... showed some data on a huge crash in EVs. The message was all the customers willing to own one bought one. No onw else wants one. BTW, the mileage range on all of them is grossly overstated.

I can't post links or support this via other websites. It MAY be an opportunity to short some of them. I can't, of course.

Sorry this is wordy, but it is just another indicator that we are again on the cliff of a major economic calamity. Act accordingly...

UPDATED:

Used Car Prices:

[link to www.cargurus.com (secure)]

And a shoutout to Liz...(EV's crashed 32.4% YOY)

[link to www.recurrentauto.com (secure)]

and Forbes weighing in with specific data:

[link to www.forbes.com (secure)]

This data is now stale and I will tell you it has gotten much worse! EV production is stopping at many OEMS.

DO SOME RESEARCH YOURSELF

The sales side (or variable operations) in the Retail Automotive sector is car-shing. Service (fixed ops) isn't fairing much better. I'm very glad I sold my store a few yrs ago.

I consult for several OEMs, and they are beginning to panic. At several, ROS, or Return on Sales (a closely watched metric) is down by 70% (+,-), over the last 45 days. They thought it was a blip at first, when ROS was down 25% and it just kept going. I will not name specific OEMs and risk violating my NDA.

Return on Sales is a primary indicator of a company's health. Some OEMs are now cutting production which is still no where near pre-Covid levels.

We are about to see massive incentives (rebates) at many OEMs. Once these start, used car values will plummet even further (because new become much less costly) Days to turn on used cars is skyrocketing (drawdown of 18.2% in October which was the largest drawdown ever see Zerohedge article). This will put some dealers out of business as they will find themselves millions of dollars in the hole on their used car inventory. Only the ones with large reinsurance reserves or with significant cash on hand will survive.

One of my points is; if you are in the market for a car, truck, CUV, SUV wait until about February. Prices will be 25% (or more) lower than they are now. Notice all the dealerships near you are jam packed with inventory again.

I was at a conference last week where JD P..... showed some data on a huge crash in EVs. The message was all the customers willing to own one bought one. No onw else wants one. BTW, the mileage range on all of them is grossly overstated.

I can't post links or support this via other websites. It MAY be an opportunity to short some of them. I can't, of course.

Sorry this is wordy, but it is just another indicator that we are again on the cliff of a major economic calamity. Act accordingly...

UPDATED:

Used Car Prices:

[link to www.cargurus.com (secure)]

And a shoutout to Liz...(EV's crashed 32.4% YOY)

[link to www.recurrentauto.com (secure)]

and Forbes weighing in with specific data:

[link to www.forbes.com (secure)]

This data is now stale and I will tell you it has gotten much worse! EV production is stopping at many OEMS.

DO SOME RESEARCH YOURSELF

VW JETTA / NISSAN SENTRA ~$17,000 BRAND NEW IN 2021

NOW THEY WANT ~$24,000+ IN 2023

THAT'S 40% INFLATION RIGHT THERE!

When I left the business, a base Jetta S in 2019 was $18,545. This was the redesigned model, so the old 2.0 base was no longer available. Of course, that new price tag was nearly impossible to find, as it was also a stick with zero factory or port options. You can get the same Unicorn today for $22,500.

[link to fred.stlouisfed.org (secure)]

Look at that chart.
Yes, its real.

Yes, its going to go even lower.

Nation is in serious.. and I mean SERIOUS decline.

The sales side (or variable operations) in the Retail Automotive sector is car-shing. Service (fixed ops) isn't fairing much better. I'm very glad I sold my store a few yrs ago.

I consult for several OEMs, and they are beginning to panic. At several, ROS, or Return on Sales (a closely watched metric) is down by 70% (+,-), over the last 45 days. They thought it was a blip at first, when ROS was down 25% and it just kept going. I will not name specific OEMs and risk violating my NDA.

Return on Sales is a primary indicator of a company's health. Some OEMs are now cutting production which is still no where near pre-Covid levels.

We are about to see massive incentives (rebates) at many OEMs. Once these start, used car values will plummet even further (because new become much less costly) Days to turn on used cars is skyrocketing (drawdown of 18.2% in October which was the largest drawdown ever see Zerohedge article). This will put some dealers out of business as they will find themselves millions of dollars in the hole on their used car inventory. Only the ones with large reinsurance reserves or with significant cash on hand will survive.

One of my points is; if you are in the market for a car, truck, CUV, SUV wait until about February. Prices will be 25% (or more) lower than they are now. Notice all the dealerships near you are jam packed with inventory again.

I was at a conference last week where JD P..... showed some data on a huge crash in EVs. The message was all the customers willing to own one bought one. No onw else wants one. BTW, the mileage range on all of them is grossly overstated.

I can't post links or support this via other websites. It MAY be an opportunity to short some of them. I can't, of course.

Sorry this is wordy, but it is just another indicator that we are again on the cliff of a major economic calamity. Act accordingly...

UPDATED:

Used Car Prices:

[link to www.cargurus.com (secure)]

And a shoutout to Liz...(EV's crashed 32.4% YOY)

[link to www.recurrentauto.com (secure)]

and Forbes weighing in with specific data:

[link to www.forbes.com (secure)]

This data is now stale and I will tell you it has gotten much worse! EV production is stopping at many OEMS.

DO SOME RESEARCH YOURSELF

The sales side (or variable operations) in the Retail Automotive sector is car-shing. Service (fixed ops) isn't fairing much better. I'm very glad I sold my store a few yrs ago.

I consult for several OEMs, and they are beginning to panic. At several, ROS, or Return on Sales (a closely watched metric) is down by 70% (+,-), over the last 45 days. They thought it was a blip at first, when ROS was down 25% and it just kept going. I will not name specific OEMs and risk violating my NDA.

Return on Sales is a primary indicator of a company's health. Some OEMs are now cutting production which is still no where near pre-Covid levels.

We are about to see massive incentives (rebates) at many OEMs. Once these start, used car values will plummet even further (because new become much less costly) Days to turn on used cars is skyrocketing (drawdown of 18.2% in October which was the largest drawdown ever see Zerohedge article). This will put some dealers out of business as they will find themselves millions of dollars in the hole on their used car inventory. Only the ones with large reinsurance reserves or with significant cash on hand will survive.

One of my points is; if you are in the market for a car, truck, CUV, SUV wait until about February. Prices will be 25% (or more) lower than they are now. Notice all the dealerships near you are jam packed with inventory again.

I was at a conference last week where JD P..... showed some data on a huge crash in EVs. The message was all the customers willing to own one bought one. No onw else wants one. BTW, the mileage range on all of them is grossly overstated.

I can't post links or support this via other websites. It MAY be an opportunity to short some of them. I can't, of course.

Sorry this is wordy, but it is just another indicator that we are again on the cliff of a major economic calamity. Act accordingly...

UPDATED:

Used Car Prices:

[link to www.cargurus.com (secure)]

And a shoutout to Liz...(EV's crashed 32.4% YOY)

[link to www.recurrentauto.com (secure)]

and Forbes weighing in with specific data:

[link to www.forbes.com (secure)]

This data is now stale and I will tell you it has gotten much worse! EV production is stopping at many OEMS.

DO SOME RESEARCH YOURSELF

Not a big deal because Biden will be giving away 12,000,000 free cars to illegal migrants.

Just chill.

The sales side (or variable operations) in the Retail Automotive sector is car-shing. Service (fixed ops) isn't fairing much better. I'm very glad I sold my store a few yrs ago.

I consult for several OEMs, and they are beginning to panic. At several, ROS, or Return on Sales (a closely watched metric) is down by 70% (+,-), over the last 45 days. They thought it was a blip at first, when ROS was down 25% and it just kept going. I will not name specific OEMs and risk violating my NDA.

Return on Sales is a primary indicator of a company's health. Some OEMs are now cutting production which is still no where near pre-Covid levels.

We are about to see massive incentives (rebates) at many OEMs. Once these start, used car values will plummet even further (because new become much less costly) Days to turn on used cars is skyrocketing (drawdown of 18.2% in October which was the largest drawdown ever see Zerohedge article). This will put some dealers out of business as they will find themselves millions of dollars in the hole on their used car inventory. Only the ones with large reinsurance reserves or with significant cash on hand will survive.

One of my points is; if you are in the market for a car, truck, CUV, SUV wait until about February. Prices will be 25% (or more) lower than they are now. Notice all the dealerships near you are jam packed with inventory again.

I was at a conference last week where JD P..... showed some data on a huge crash in EVs. The message was all the customers willing to own one bought one. No onw else wants one. BTW, the mileage range on all of them is grossly overstated.

I can't post links or support this via other websites. It MAY be an opportunity to short some of them. I can't, of course.

Sorry this is wordy, but it is just another indicator that we are again on the cliff of a major economic calamity. Act accordingly...

UPDATED:

Used Car Prices:

[link to www.cargurus.com (secure)]

And a shoutout to Liz...(EV's crashed 32.4% YOY)

[link to www.recurrentauto.com (secure)]

and Forbes weighing in with specific data:

[link to www.forbes.com (secure)]

This data is now stale and I will tell you it has gotten much worse! EV production is stopping at many OEMS.

DO SOME RESEARCH YOURSELF

A crashing automotive sector is one of the big factors that finally kicked the 2008 recession off. Automotive impacts countless other industries if it's not performing well.

Some slightly used ones can be had for free in Gaza.

Wonder what interest will be like now...seems that the house and car prices will fall but interest rates will make up the difference so rather than the company getting the money, the banks will?

I wish you were kidding.