Category Archives: economy

Win, Win? GM to Sell Opel to PSA

The combined volume of the groups could exceed current second-placed Renault-Nissan but would still be well short of market leader VW group. Continue reading

Posted in economy, financial results, news analysis | Tagged , , , , , , | Leave a comment

Affordable Used Vehicles Becoming Scarce

For consumers considering trading in older used vehicles, 2017 could be the time. The latest study predicts a record number of off-lease vehicles will fill dealer lots and that a declining number of older trade-ins will put significant upward pressure on the late model used market this year. Continue reading

Posted in aftermarket, economy, news analysis, prices | Tagged , , , , , | 1 Comment

General Motors to Sell Opel Vauxhall and Leave Europe?

If the PSA deal goes through, it would mean GM’s presence in Europe would be limited to niche sales of Cadillac, and Chevrolet Camaro and Corvette models – all of them exports. Continue reading

Posted in auto news, economy, milestones, news analysis | Tagged , , , , , , , | Leave a comment

General Motors Announces ~7000 US Manufacturing Jobs

GM also said it will begin work on in-sourcing axle production for its next generation full-size pickup trucks, including work previously done in Mexico, to operations in Michigan, creating 450 U.S. jobs. Continue reading

Posted in economy, manufacturing, news analysis | Tagged , , , , , , | Leave a comment

Un-Sweet Tweet – Trump Outburst Against Chevrolet Cruze

Incoming U.S. President Donald Trump today raged against General Motors, threatening to impose a “big border tax” for making some Chevrolet Cruze cars in Mexico. Continue reading

Posted in economy, labor issues, news analysis | Tagged , , , , , , | Leave a comment

Holiday Travel Put at 36.8 billion Miles

Americans are expected to log 36.8 billion miles on the road visiting family and friends – a 46% increase (11.6 billion miles) compared to 2015. Continue reading

Posted in economy, milestones, news analysis | Tagged , , , , , , | Leave a comment

Pew – Digital Commerce Platforms Help and Exploit Workers

About 24% of Americans earned money from the digital platform economy in the past year as gig work is blurring the lines between formal and casual labor, “jobs” and hobbies. Continue reading

Posted in economy, news analysis | Tagged , , , , , , | Leave a comment

Collision Course – Trump, Mexico, NAFTA

Despite what appears to be Trumps ill-informed trade views – if they are informed at all – CAR using data, not diatribes, observes that the major reason for this rapid growth of the auto industry in Mexico comes from the injection of $13.3 billion in investment to move 3.3 million units of vehicle capacity from Japan, Germany, and South Korea to Mexico Continue reading

Posted in economy, labor issues, manufacturing, news analysis | Tagged , , , , , , , , , | Leave a comment

Record Number of Auto Buyers Underwater on Trade-Ins

A growing number of auto shoppers have negative equity – underwater in industry terms – on their trade-ins when they’re purchasing their next vehicle. Per Edmunds data, an estimated 32% of all trade-ins toward the purchase of a new vehicle through Q3 of 2016 were underwater. Continue reading

Posted in economy, financial results | Tagged , , , , , | Leave a comment

Trump versus Auto Industry – Outcome Could be Ugly

The crucial question – and unknown – is to what extent campaign rhetoric translates into real policy decisions under a Trump administration. In gridlocked Washington, this won’t be known for, well, who knows how long? Continue reading

Posted in economy, news analysis, sales | Tagged , , , , | Leave a comment

Wages Rising at New Car Dealerships. Turnover Problematic

During 2015, America’s new-car dealerships created new jobs and provided median weekly earnings of $1,026, which exceeded non-farm, private-sector median weekly earnings of $825 by 24%. Over a five-year period, average compensation across all dealership positions increased steadily at an average annual rate of 3.2%, while median income growth of all positions grew at an average annual rate of 2.6%. Continue reading

Posted in economy, labor issues | Tagged , , , , | Leave a comment

Brexit Automaker Winners, Losers – Predictable and Surprising

To state the obvious, new investment in the UK – expansion of current manufacturing or new capacity – for manufacturers with viable alternatives in the EU appears unlikely until the current uncertainty diminishes. This economic chaos could last for years. Continue reading

Posted in economy, news analysis | Tagged , , , | Leave a comment

‘Bloody Hell,’ What Does Brexit do to Automakers?

The uncertainty does not bode well for Ford Motor Company or General Motors, both with struggling European operations. Both were ashen silent today. Continue reading

Posted in economy, news analysis | Tagged , , , | 6 Comments

Bridgestone Sells Its Troubled Venezuela Operations as Economy Tumbles and a Coup or Revolution Loom

U.S. military and State Department officials predict the country is headed for a revolution or a coup from the Venezuelan military services. Continue reading

Posted in economy, news analysis | Tagged , , | Leave a comment

U.S. Trade Deficit Grows in February

The Nation’s international trade deficit in goods and services increased to $47.1 billion in February from $45.9 billion in January as imports increased more than exports, says the U.S. Census Bureau. Continue reading

Posted in economy | Tagged , , , | Leave a comment