Independent thinking for complex markets and current events
The Wall Street Journal just reported that U.S. Landlords are becoming concerned over a slowdown in the rental market. Rental inventory is rising, and rent growth is now slowing, falling to its lowest level in 13 years, and the 6th lowest in the last 40 years according to John Burns Real Estate Consulting.
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 …
CDK Global, a major player in the auto sales industry, provides software technology to thousands of auto dealers in the U.S. and Canada. Unfortunately, they recently faced a multiday outage due to back-to-back cyberattacks. Here’s what you need to know: Impact: The outage affected many operations at dealerships, potentially causing delays for prospective car buyers. …
https://twitter.com/GayBearRes/status/1795567871264805305
General Motors in 2022 started offering buyouts to U.S. Buick dealerships unwilling to make hefty investments required for the sale and service of upcoming electric vehicles, and it turns out the offer was popular. Buick chief Duncan Aldred told Automotive News (subscription required) in an interview published on Wednesday that roughly 1,000 Buick dealerships will …
via fee.org: In April, the International Energy Agency released a report in which it predicted EV sales to increase 35 percent after a record-breaking year. But economists I spoke with said such predictions were overly optimistic considering current macroeconomic conditions. This invites important questions. Is the glut of EVs simply a product of tightened money …