I've been covering the auto industry for a decade, and I've never seen more people getting the market wrong
Original story at Business Insider• 2 mentions • 1 week ago
Business Insider 1 week ago
After nearly collapsing during the financial the crisis, the US auto industry has roared back. Back-to-back record sales year in 2015 and 2016, when over 17 million new vehicles rolled off dealer lots, yield fat profits for carmakers who have been enjoying historically high transaction prices, low gas prices, and big move to moneymaking pickups and SUVs by consumers. You wouldn't know how generally buoyant and optimistic the industry is, however, from the near daily cadence of headlines about how the a massive disruption by self-driving cars and electric vehicles in underway, about how the market is tanking because the ...