Independent thinking for complex markets and current events
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🚨 JUST IN – CANADA PM MARK CARNEY: As a result of Trump's tariffs, an auto plant in Windsor, Ontario is closing for at least 2 weeks.pic.twitter.com/GON7n9TbWM — Eric Daugherty (@EricLDaugh) April 3, 2025 Fear and anxiety are running high in Windsor, Ontario, after carmaker Stellantis announced it will temporarily shutdown its assembly plant in …
Canadian Prime Minister Mark Carney spins a tale of Automaker Stellantis temporarily shutting down auto plants in Canada and Mexico as an outcome of President Trump’s tariffs. Unfortunately, the gaslighting by Carney might work on less intellectual SnowMexicans, but it fails here. Stellantis, an EU centered auto company who sell Dodge, Ram (made in Mexico) …
TRUMP ON AUTO INTEREST PAYMENTS AS TAX DEDUCTIONS: "We're going to do something that has never been done in this country before — If you buy a car in the United States that's made in the United States — we're going to let you deduct the interest payment for income tax." looks… pic.twitter.com/nw7cqhnZKl — amit …
The European Union has just made a major move in trade policy that could reshape the auto industry in the U.S. They’ve slashed the tax on American-made cars from 12.5% to a mere 2.5%, effectively matching the U.S. tariff on European-made vehicles. This is a game changer, especially for automakers like Honda, who will now …
Survey: Nearly half of Americans anticipate tougher credit approval process by 2026 Americans view the economic climate as getting harder, with an increasing count thinking they’ll be rejected if they apply for a credit card, mortgage or car loan, the New York Federal Reserve said Monday. The share of respondents that expect it to be …
by Guest The economy’s not looking too hot right now. Take it from someone in the trenches of the automotive industry. Sales might be ticking along, but when you dig a little deeper, it’s clear things aren’t exactly thriving. Looking at the numbers month-to-month, I see a pattern: we’re not exactly bouncing back from the …
by confoundedinterest17 Thank God President Auto Pen is out of office! Inflation? Lower real wage growth? Excessive personal loan growth?? All resulting in historic subprime auto loan delinquency rate of 6.6%. Auto Loan 60+ Day Delinquency Index
BREAKING: The US is considering a 1 month delay on auto tariffs on both Canada and Mexico. — The Kobeissi Letter (@KobeissiLetter) March 5, 2025 🇺🇸BREAKING: US weighs one-month delay of Canada and Mexico tariffs on autos. pic.twitter.com/xPr9Gs8fkM — GAR Capital (@garcapital) March 5, 2025 🇺🇸 President Donald Trump and Canadian 🇨🇦 Prime Minister Justin …
by Mike Shedlock As borrowers struggle to keep up with car payments, auto lenders offer payment extensions to keep those loans from going bad. Car Dealership Guy reports Auto Lenders Increasingly Turn to Payment Extensions. Payment Extension Trap 60+ day auto loan delinquencies in the subprime cohort (less credit-worthy borrowers) hit 6.56% in December 2024—the highest …
To make America great again one thing we need to do is transition from an income-based tax system to a consumption-based tax system. Tariffs tax consumption. Since you get less of what you tax, tariffs reduce consumption. So, in the short run that means a severe U.S. recession. — Peter Schiff (@PeterSchiff) February 3, 2025 …
In the past decade, auto insurance rates in the United States have skyrocketed by 93%, significantly outpacing the 34% increase in overall consumer prices. This sharp rise in premiums has affected drivers across the country, leaving many struggling to afford adequate coverage despite maintaining clean driving records and reducing their mileage. Several factors have contributed …
Auto repossession is on the rise again, and it’s becoming a real issue. Small dealerships are struggling, with many going bankrupt, and the situation could get worse in 2025. Repossessions are spiking, though detailed data is hard to come by, especially since the last available numbers are from December 2022. The Consumer Financial Protection Bureau …
Price Increases over last 4 years…CPI Medical Care: +9.5%CPI Apparel: +12.0%CPI New Cars: +19.0%CPI Used Cars: +19.6%CPI Food at home: +22.7%CPI Shelter: +24.4%CPI Food away from home: +25.1%CPI Electricity: +28.2%CPI Gas Utilities: +31.6%US Home Prices: +38.3%CPI… — Charlie Bilello (@charliebilello) January 15, 2025 BLS reports inflation accelerated to 4.8% annualized. They're handing Trump a lit …
1. As of today, $ALLY is exiting its mortgage origination business. — Unicus (@UnicusResearch) January 9, 2025 3. Burdened by mortgages made to borrowers with shoddy credit, $Ally began reporting losses in 2007 that reached $10.3 billion in 2009. The U.S. engineered the bailout to ensure that money kept flowing to the auto industry and …
Credit card companies wrote off $46B in seriously delinquent loan balances in just the first 9 months of 2024. 50% increase YoYHighest in 14 years pic.twitter.com/IH3yW47xHq — Darth Powell (@VladTheInflator) January 3, 2025 Linkhttps://t.co/wD6lnwO923 — QE Infinity (@StealthQE4) January 3, 2025 Auto loan delinquency rates are at their highest in more than a decade, per …
Eighty bankruptcies are not from small mom-and-pop dealers; they involve corporate dealership companies that own multiple dealerships under their corporate umbrella. Stellantis (Chrysler, Jeep, Dodge), Ford, and Nissan are at risk of bankruptcy soon. With record high inventory levels growing at staggering rates, production line cuts, soaring debt levels, and insanely priced MSRPs… Dealerships across …
China has transformed itself from a minor player in the auto industry two decades ago to the world leader in car production and exports, particularly in electric vehicles (EVs), the New York Times reported late last month. But the trend of China’s impact on the global auto market has been best characterized by this chart, …
