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  • June U.S. Light-Vehicle Sales Continue May’s Weakness
    by Haig Stoddard on July 1, 2022 at 10:09 pm

    A dearth of inventory remains the main obstacle to growth as the second quarter’s 13.4 million-unit SAAR represented a decline…      Related Stories GM Plans Battery State-of-Health Data, Touts Faster AC Charging Android Auto OS Game-Changer for Cloud-Service Provider WirelessCar Aptera, Elaphe Ink Wheel Motor Supply Agreement  

  • U.S. Light Vehicle Sales, June 2022
    on July 1, 2022 at 4:39 pm

    U.S. light vehicle sales for June 2022 presented in interactive Excel tables and charts. Expandable reports highlight results by Company…      Related Stories U.S. Light Vehicle Sales Summary, June 2022 Mexico Truck Sales by Weight Class, May 2022 North America Factory Sales, May 2022  

  • U.S. SAAR History by Month, 1980-current
    on July 1, 2022 at 4:30 pm

    U.S. vehicle sales SAAR (seasonally adjusted annual rates) by vehicle type and source by month for 1980-current.      Related Stories U.S. Light Vehicle Sales, June 2022 U.S. Light Vehicle Sales Summary, June 2022 Mexico Truck Sales by Weight Class, May 2022  

  • U.S. Light Vehicle Sales Summary, June 2022
    on July 1, 2022 at 4:30 pm

    U.S. light vehicle sales by vehicle type and source; and by company for June 2022. Includes top 10 best selling…      Related Stories Mexico Truck Sales by Weight Class, May 2022 North America Factory Sales, May 2022 Germany Vehicle Sales, May 2022  

  • GM Plans Battery State-of-Health Data, Touts Faster AC Charging
    by Christie Schweinsberg on July 1, 2022 at 11:03 am

    More easily knowing how much life is left in their vehicle’s battery pack will be possible in the future for…      Related Stories June U.S. Light-Vehicle Sales Continue May’s Weakness Android Auto OS Game-Changer for Cloud-Service Provider WirelessCar Aptera, Elaphe Ink Wheel Motor Supply Agreement  

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Auto Finance News

  • Electric vehicle jobs grew 26% YoY in 2021
    by Joey Pizzolato on July 1, 2022 at 6:26 pm

    Jobs related to electric vehicle (EV) manufacturing had a growth spurt in 2021, as OEMs strived to make good on lofty EV production goals. Carbon-reducing motor vehicles and component parts technologies grew 25% year over year in 2021, led by new jobs in EVs and hybrid EVs, which posted 26.2% and 19.7% YoY increases, respectively,

  • Recreational vehicle values tick down in May as demand slows 
    by Amanda Harris on July 1, 2022 at 4:35 pm

    Motorhome and towable values fell in May as cooling consumer demand prompted dealers to pull back at auction, even as new inventory remains tight.   “With the economic situation going on, there could be some perceived lack of consumer demand from dealers who are buying at auction. Some of them may be still buying but are

  • Tesla braces for delivery slump on china plant shutdown
    by Bloomberg News on July 1, 2022 at 3:23 pm

    Tesla Inc. is expected to announce quarterly production and delivery figures this weekend that will likely be among the worst of the year — and break its multi-quarter streak of record-setting results — due largely to an extended shutdown of its factory in Shanghai. The electric vehicle maker may have delivered almost 281,700 vehicles globally

  • FTC proposed rule homes in on ‘junk fees’ in auto loan transactions 
    by Amanda Harris on June 30, 2022 at 8:57 pm

    Regulators are zeroing in on fees and add-on products within auto finance transactions, potentially putting dealers and creditors on the hook for borrower claims related to unfair practices.  The Federal Trade Commission last week proposed a rule to ban “junk fees and bait-and-switch advertising tactics” during the car-buying process, according to an FTC release. The

  • Boat registrations drop YoY in May amid limited inventory
    by Joey Pizzolato on June 30, 2022 at 7:19 pm

    Boat registrations fell year over year in May as lack of inventory continues to be the primary headwind for the retail boating industry.  Registrations dropped 17% YoY, according to preliminary estimates from Statistical Surveys (SSI) released Monday, which has gathered data from 28 states, or 68% of the market. Registrations are down 23% when compared

WardsAuto

Shadow Stats

  • Flash Commentary No, 1460b
    on June 21, 2021 at 12:57 am

    • Fundamentals Could Not Be Stronger for Gold and Silver, nor Weaker for the U.S. Dollar and Stocks, Despite Fed or Market Nonsense to the Contrary • There Is No V-Shaped Recovery • Battered, Non-Recovered May 2021 Payrolls and Unemployment Confirmed a Still-Ravaged Economy on Par With the Great Depression • Severely Negative Annual Revisions to Industrial Production Mean the Economy Was in Recession Well Before the Pandemic Hit • Business-Cycle Conditions Are Collapsing Rapidly, Amidst an Extreme Acceleration in Inflation • 2021 Social Security Cost of Living Adjustment (COLA) Could Spike to a 40-Year High, Based on Potential Third-Quarter 2021 CPI-W • Bureau of Labor Statistics Reveals It Cannot Measure the CPI Properly, At Present • FOMC Has Trouble Forecasting Inflation One Quarter Ahead, Let Alone Two Years Ahead • Despite Talk of “Tightening” in 2022 or 2023, FOMC Is “Easing” Anew in Its Latest Actions

  • Flash Commentary No. 1460a
    on May 31, 2021 at 11:07 pm

    • Benchmarked Industrial Production Revised Sharply Lower; Both Manufacturing and Mining Were Hit Hard • New Numbers Indicate the Economy Was in a Deepening Recession, Well Before the Pandemic Shutdown and Collapse • Old Numbers Showed Production Peaked in December 2018 and Flattened Out, February 2020 Pre-Pandemic Peak Was 3.75% Higher Than the Pre-Great Recession Peak • New Numbers Show Production Peaked in August 2018 and Entered Protracted Decline, February 2020 Pre-Pandemic Peak Was 1.11% (-1.11%) Below the Pre-Great Recession Peak • Manufacturing Sector Has Never Recovered Pre-Great Recession Peak Levels • April 2020 Pandemic/Economic Trough Revised Lower by 5.1% (-5.1%) • Economic Recovery Is Not as Close as Hyped by the Consensus Outlook • Negative Implications Here for the July 29th GDP Benchmarking • Chances Are Reduced for Moderating Extreme Monetary and Fiscal Policies • Evolving Circumstances Remain Extremely Strong for Gold and Silver, and Weak for the U.S. Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary

  • Benchmark Commentary No. 1459
    on April 21, 2021 at 9:15 am

    • Intractable and Deteriorating Conditions Still Signal No Imminent Economic Recovery, Irrespective of Some Bounces in March Activity Against Weather-Driven February Collapses • Monthly Annual and Post-Pandemic Payroll Declines Have Stabilized Around Minus Six-to-Seven Percent for the Last Eight Month, Weakest Showing Since 1946 • Annual-Change Gyrations Are Just Beginning for Economic, Inflation, Money Supply and Financial Return Numbers, as the Pandemic-Driven Collapse Passes It First Anniversary • Beyond Year One, Multi-Year, Crisis-Driven Collapses Need to Be Assessed Against Pre-Crisis Levels, or Stacked Two-Year Change, As Well As Year-to-Year Change • The Federal Reserve Overhauled Its Money Supply Reporting, Redefining Traditional M1 from 34.8% to 93.4% of a Not-Redefined Total M2 • This Masked Accelerating Flight-to-Liquidity in Traditional M1 from Non-M1 Components of M2 • ShadowStats Defined “Basic M1” — Combined Currency and Demand Deposits — Still Reflects the Extraordinary Liquidity Flight to, and Surge in the Narrower Money Supply • Expanded Federal Reserve Accommodation Remains Likely Well Into 2023, Given the Increasingly Negative Outlook for Imminent U.S. Economic Recovery • Fed Chair Powell Noted That Surging Money Supply No Longer Boosts the Economy • That Is Because the Current Collapse Is Pandemic, Not Business-Cycle Driven; Surging Money Growth in a Non-Business-Cycle Collapse Can Trigger Hyperinflation • Surging Monetary Base, Reserves and Currency Indicate Intensifying Systemic Problems • Underlying Fundamentals Remain Extremely Strong for Gold and Silver, and Weak for the U.S. Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary

  • Flash Commentary No. 1458
    on February 24, 2021 at 9:59 am

    • January 2021 Manufacturing Declined Year-to-Year for the 19th Consecutive Month, Still in the Downturn Induced by the FOMC 15 Months Before the Pandemic Collapse • Where January 2021 Year-to-Year Manufacturing Contracted by 1.0% (-1.0%), It Also Contracted by 1.8% (-1.8%) from January 2019, Two Years Ago • While the January 2021 Cass Freight Index® Gained Year-to-Year for the Fourth Straight Month, It Also Contracted by 1.6% (-1.6%) from Two Years Ago • Despite Happy Headline Gains in January 2021 Real Retail Sales, Production and Construction, the Underlying Payroll Employment Numbers Tell the Opposite Story • First-Quarter 2021 GDP Remains at Risk of Relapsing into Quarterly Contraction • January 2021 Producer Price Index Monthly Inflation Hit a Record, 10-Year High • U.S. Dollar Collapse Accelerates • Holding Physical Precious Metals Remains the Best Hedge Against Developing Inflation and Financial-Market Turmoil

  • Flash Commentary No. 1457
    on February 16, 2021 at 3:21 am

    • Pandemic-Driven Unemployment Soared to an April 2020 Peak of About 32%, Worse Than in the Great Depression; Such Was Against a January 2020 Pre-Pandemic U.3 Unemployment Rate of 3.5% • In the Latest Four Months, Pandemic-Driven Unemployment Has Leveled Off Around 12%, Worst Since Before World War II, Other than for the Pandemic • Payroll-Employment Benchmark Revisions Showed a Deepening, Accelerating Decline into an April 2020 Trough, With Renewed Deterioration at Present; Recovery from the Pandemic Shutdown Has Stalled and/or Is Regressing • January 2021 Annual Growth in Money Supply M1 and M2 Surged to Respective Record Highs of 69.7% and 25.8%, Despite Some Downside Benchmark Revisions • Near Record Growth of Currency in Circulation Foreshadows Inflation Risk • Nonetheless, January 2021 CPI-U Annual Inflation Hit a Soft, Ten-Month High of 1.4%, Boosted by Gasoline Prices, but Constrained by Mixed Food and Core Inflation • Stock Indices Are At or Near All-Time Highs, Coming into the First Anniversary of the Pre-Pandemic Stock-Market Peaks and Subsequent Crashes • Near-Term Financial-Market Turmoil Likely Is Far from Over, Given Renewed Deterioration in Economic Conditions

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Lending Times

  • Thursday December 5 2019, Weekly News Digest
    by Allen Taylor on December 5, 2019 at 3:06 pm

    News Comments Today’s main news: SoFi gets BitLicense in New York. Funding Circle unveils 250M GBP securitization of SME loans. Zopa raises 1.4M GBP. RateSetter to close family finance product. RMBS gears up for securitization windfall. Reserve Bank of India raises P2P lending limit by 5x. Today’s main analysis: Prosper performance update – October 2019. The post Thursday December 5 2019, Weekly News Digest appeared first on Coin times.

  • Friday November 29 2019, Weekly News Digest
    by Allen Taylor on November 29, 2019 at 2:27 pm

    News Comments Today’s main news: Funding Circle US launches Small Business Choice. LendingPoint closes $175.6M direct-to-consumer securitization. Chinese P2P lenders have 2 years to change business model. Klarna starts new merchant partnership every 8 minutes. Today’s main analysis: Cities where millennials have the highest credit card balances. Today’s thought-provoking articles: Schwab to acquire TD Ameritrade, The post Friday November 29 2019, Weekly News Digest appeared first on Coin times.

  • Thursday November 21 2019, Weekly News Digest
    by Allen Taylor on November 21, 2019 at 2:57 pm

    News Comments Today’s main news: SoFi helps Pro.com make home improvement loans. BlueVine raises $102.5M. OCC, FDIC propose Madden fixes. Twino CEO stands down, platform hits 1B euro in loans issued. Funding Xchange raises $10.4M. Today’s main analysis: LexinFintech lending business analysis (A MUST-READ). Today’s thought-provoking articles: Fed rate inversion. 10 cities that cost money The post Thursday November 21 2019, Weekly News Digest appeared first on Coin times.

Automoblog

  • Uniden R4 Review: The Perfect “Grab & Go” Radar Detector
    by Carl Anthony on July 2, 2022 at 8:21 pm

    Uniden R4What’s Great Updated Platform Tremendous Range Auto Mute MemoryNot So Great Some Bland Display Colors No Directional Alert Arrows 94Available on Amazon Affiliate Disclosure: As an Amazon Associate, Automoblog earns from qualifying purchases, including the radar detectors featured here. These commissions come to us at no additional cost to you. As the successor to the trusty R3, the Uniden R4 offers better false alert filtering, Gatso detection, and two Low Noise Amplifiers (LNA) to increase the overall range. Basically, the Original article: Uniden R4 Review: The Perfect “Grab & Go” Radar Detector

  • Early Days In London & Famous DFV Engine Detailed In Cosworth: The Search For Power
    by Tony Borroz on July 1, 2022 at 8:09 pm

    Affiliate Disclosure: As an Amazon Associate, Automoblog earns from qualifying purchases, including the book featured here. These commissions come to us at no additional cost to you. Our Book Garage series showcases what every enthusiast should add to their library.  Cosworth: The Search For Power looks like a coffee table book an astute grandkid might get for pops one Christmas. And, to be sure, Graham Robson’s definitive tome will look great on your coffee table. But as they say, don’t judge a book by its cover. Cosworth: Original article: Early Days In London & Famous DFV Engine Detailed In Cosworth: The Search For Power

  • 2023 Kia Soul Quick Facts: New Trim Levels, Safety Features, Pricing & More
    by Carl Anthony on July 1, 2022 at 4:49 pm

    It’s cute, quirky, and affordable! That is a good summary of the 2023 Kia Soul. The 2023 Soul arrives with some nice updates but keeps the same wonderful boxy goodness of years past. “The Soul defined a whole new segment of small cars when it first entered the Kia lineup,” said Steve Center, COO & EVP, Kia America. “The new 2023 Soul is set to continue that trend with its refreshed design inside and out, advanced technology, and feature-packed trims.” Original article: 2023 Kia Soul Quick Facts: New Trim Levels, Safety Features, Pricing & More

  • 2023 Subaru Crosstrek & Crosstrek Hybrid: New Special Edition, Updated Standard Features, Pricing & More
    by Alvin Reyes on July 1, 2022 at 1:16 pm

    Subaru has given its 2023 Crosstrek and Crosstrek Hybrid compact crossovers some updates, like a Special Edition variant and updated features for the Crosstrek Sport. The Subaru Crosstrek remains famous for its rugged looks and car-like driving manners, thanks to its Impreza hatchback underpinnings. Unlike an Impreza, the Crosstrek has a reinforced chassis with up to 8.7-inches of ground clearance, but don’t let its outdoorsy visage fool you. The Crosstrek will struggle against hardcore off-roaders like the Jeep Cherokee over Original article: 2023 Subaru Crosstrek & Crosstrek Hybrid: New Special Edition, Updated Standard Features, Pricing & More

  • Hyundai Ioniq 6 Goes From Prophecy to Reality During First Look Reveal
    by Alvin Reyes on June 29, 2022 at 4:33 pm

    Hyundai lifted the curtains off its newest electric car, the Ioniq 6 sedan, the second EV in the South Korean automaker’s all-electric Ioniq branding. The Hyundai Ioniq 6 is riding on the underpinnings of the retro-angular Ioniq 5, Kia’s EV6, and the Genesis GV60, an architecture Hyundai calls E-GMP (Electric Global Modular Platform). We first saw the Ioniq 6’s streamliner body style in the Hyundai Prophecy Concept EV that debuted at the 2020 Geneva Auto Show, a sleeker, lower-slung production Original article: Hyundai Ioniq 6 Goes From Prophecy to Reality During First Look Reveal