[NEWS] Wholesale car prices rose by 0.2% year-over-year in November:
By segment (MoM):
— Midsize cars: +0.9%
— SUVs: +1.5%
— Pickups: +0.6%
— Luxury vehicles: +1.7%
Read today’s top automotive stories, presented by Tax Max: carguymedia.com/4g3aKIF
(Data source: Manheim Used Vehicle Index)
“Babe, wake up, Car Dealership Guy just launched the automotive version of Robinhood Snacks” podcast.dealershipguy.com/the-weekly-1...
07.12.2024 14:59 — 👍 9 🔁 0 💬 1 📌 0The automaker that rhymes with "Monday" is reportedly firing management all across the country. Unclear why.
06.12.2024 20:12 — 👍 15 🔁 0 💬 2 📌 0
Bitcoin just hit $100,000.
I’m in the wrong business.
BREAKING — Elon Musk’s record $56B Tesla pay package rejected *again* by judge.
This comes just months after Elon received approval for the package from shareholders.
I thought this saga was over?
LEAKED images of Jaguar on WeChat China.
Lots of hype for a… concept car? 🤨
Over the past 5 days:
CEO Stellantis: ❌
CFO Nissan: ❌
And this is likely just the start of major leadership changes at struggling automakers.
As the saying goes, you only find out who’s swimming naked when the tide goes out—and 2021-2022 was one massive tide.
Cold hard truth:
If not for local franchisees, some of these automakers would have disappeared long ago.
Having a distribution network deeply embedded in local communities is one hell of a shock absorber.
BREAKING: Carlos Tavares officially steps downs as Stellantis CEO.
- Board accepts resignation, effective immediately
- Interim Executive Committee to be chaired by John Elkann
- New CEO to be appointed by mid-2025
Tough time for many automakers right now.
But for consumers waiting on the sidelines — Ford’s excess inventory will likely lead to deeper year-end discounts and bring more buyers into the fold.
(Data source: CarEdge)
Ford is facing a massive inventory challenge:
Of over 200,000 trucks on dealer lots today, just under 1,000 are 2025 models.
Meanwhile, 5,063 of those trucks are still “new” 2023s — a somewhat troubling sign for the automaker this late in the year...
Jaguar launched its rebrand this morning. thoughts?
19.11.2024 14:34 — 👍 12 🔁 0 💬 12 📌 4
If you could ask Toyota’s top execs anything, what would it be?
This week, I’m sitting down with Jack Hollis, EVP of Toyota North America, and his team for a live panel in LA.
Drop your sharpest, most thought-provoking questions below—let’s make it count.
And you know what that means... the best new car deals of the year are likely right around the corner.
(Data source: Cox Auto)
New car inventory just passed 3M for the first time since the pandemic:
A 29% YoY increase... which brought the avg. market day's supply to 85 days.
The biggest driver?
Some automakers and dealers are trying to balance lingering 2023/2024 models with a rush of 2025s.
EV tax credit going bye-bye is a big deal
Now, question is when
I wonder if this site will actually take off 🤔
14.11.2024 19:37 — 👍 31 🔁 0 💬 7 📌 0
Healthier new EV supply and incentives are pushing used EV values down.
But Hertz sees a light at the end of the tunnel...
As it offloads its (mostly Tesla) EV fleet for ridiculously low prices, depreciation losses will likely slow down significantly.
(Data source: Hertz)
EV depreciation is still eating Hertz alive:
Yesterday, the rental giant reported that monthly per-vehicle depreciation was $537 as of Q3 — 89% higher than a year ago — and more than double 2021 levels.
The primary reason?
Top 5 brands with the HIGHEST days' supply of new inventory:
Jaguar: 195 (!)
Volvo: 192 (!)
Lincoln: 186
MINI: 183
Ram: 179
Metal needs to be moved.
(Data source: CarEdge)
