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| Economy |
| Auto-Armageddon: May Sales Data Shows Dramatic Slowdown In US New Car Sales |
| 2022-06-02 |
| [ZERO] Auto sales numbers for May are starting to trickle in and they're ugly... The lack of stimmy money and unemployment check bonuses, combined with the fact that rates are rising and spending is slowing, made for a tumultuous May report for some of the most well known legacy auto manufacturers. Here's a look at four of the first names to hit the tape this week, with most other major auto manufacturers set to release data within the next day or so. *HONDA MAY U.S. AUTO SALES -57.3% *TOYOTA US MAY SALES 175,990, -27.3% Y/Y *MAZDA N. AMERICA MAY SALES DOWN 63.7% *NISSAN APRIL GLOBAL SALES -29.1% |
| Posted by:Besoeker |
| #16 "Cash for Clunkers" created a shortage of used cars that priced the poor out of the market. Are they stupid or evil? It's a timeless question. |
| Posted by: SteveS 2022-06-02 22:43 |
| #15 /\ By design. |
| Posted by: Tyranysaurus Jones4656 2022-06-02 22:30 |
| #14 "Cash for Clunkers" created a shortage of used cars that priced the poor out of the market. Ultimately the people who most needed a flexible means of transportation to get to work suffered the most. |
| Posted by: Rob Crawford 2022-06-02 21:22 |
| #13 To clarify: I bought a Crewcab with trailer/offroad gearing but with a 2.7L V-6 (half my previous 5.4L V-8) and an auto 10-speed tranny...and I get more mileage and performance because of the twin turbos. Win-win |
| Posted by: Frank G 2022-06-02 20:06 |
| #12 They want you to buy an EV so the Government is happy... Spit. |
| Posted by: magpie 2022-06-02 18:26 |
| #11 Have the car makers solved the chip shortage problems? Any other supply chain issues> C'mon, Man! Can't we hang it on Biden and COVID response? |
| Posted by: Bobby 2022-06-02 17:28 |
| #10 They'll probably bring out the old 'Cash For Clunkers' again to help the 'Bretheren', knowing how this administration operates. ObumaLama 2. |
| Posted by: Mullah Richard 2022-06-02 17:19 |
| #9 Try buying the new Ford Maverick small pickup, hybrid or conventional. They are sold out and expected to be sold out next year too. Sounds like the companies listed are tying to sell the wrong things at the wrong price. |
| Posted by: Chealing Chomotle4158 2022-06-02 16:09 |
| #8 I didn't read the source article. Odd the summary neglects to mention the fact that many if not all the manufacturers have cut their production drastically to the extent that willing would-be car buyers (like me) are unable to buy the makes/models they want (like a new Toyota Sienna minivan). |
| Posted by: Bubba Lover of the Faeries8843 2022-06-02 13:41 |
| #7 Wait. Whut? Half of an imaginary loaf is better than no loaf at all, Comrade Frank. |
| Posted by: SteveS 2022-06-02 13:26 |
| #6 Couldn't be happier with it. At 13.8K miles |
| Posted by: Frank G 2022-06-02 13:13 |
| #5 You did your part, Frank. How's that new truck? |
| Posted by: Skidmark 2022-06-02 12:38 |
| #4 ^ True, but we make for it with our dollars being worth less with Bidenflation. Wait. Whut? |
| Posted by: Frank G 2022-06-02 12:11 |
| #3 The median “household income” dropped to $67,521 in 2020, declining from $69,560 in 2019. |
| Posted by: Throlush Turkeyneck4792 2022-06-02 11:59 |
| #2 Finally a crisis that matters to the Kalorama Presidency. The UAW suddenly sees that the Retirement/Medical Support systems that exist to care for their members listed on the NYSE under the names Ford, Chevrolet, Chrysler, etc. are in trouble. Suddenly this green energy crap is bad! |
| Posted by: NoMoreBS 2022-06-02 11:41 |
| #1 MATH & BUBBA LOGIC MATH The average personal income in the U.S. is now about $63,214. A -6.37% DROP from $67,521 in 2019. Cost of living has risen (so far) 8.5+/-% percent. New Vehicle prices are up between 8% and 9.69% FUEL is up 104+%. BUBBA LOGIC A rebuilt Engine/Transmission with, a 36000-mile warranty installed, and new tires run around $5,000 or 1/8 the price of a new vehicle. |
| Posted by: NN2N1 2022-06-02 06:41 |