Current Events > The Troubling Signs for GM, Chrysler, Ford, and the Auto Industry

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https://www.youtube.com/watch?v=RRWlhs4aVdQ

Daniel Ruiz of Blinders Off Research walks us through his view of automotive stocks giving us a sneak peek inside his proprietary forecasting model, and exposing the weak performance history of traditional industry and economic indicators. He concludes with his long/short stock picks, based on his data and analysis. Filmed on January 14, 2019 in New York.

TLDR:

This guy is full of shit on his analysis (see comments under the video).

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American cars have always been shit. Why is this coming as a surprise to anyone?
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youtube videos?
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"33% of people who traded in cars to buy new ones in the first nine months of 2019 had negative equity, compared with 28% five years ago and 19% a decade ago." - Wall Street Journal Nov 2019

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aint bailing them assholes out again fuck em

The video is old, but it does look like the traditional Auto Industry is on its way out.

They did this to themselves since they loved scamming people nonstop.

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This is what happens when a government legislates an industry into making products no one wants anymore. The added costs combined with the crappier product causes people to not buy. Add to that the debt nation, its no wonder the vehicle market is crashing world wide, let alone in the US.

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Well maybe if they didnt overload all of their cars with stupid luxury shit they'd be affordable to more people

That's not even getting into how shoddily made American cars tend to be
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I think part of the problem is the industry itself, I think a new system should replace it completely.

Let the person decide how the car will be built based on your specifications that is currently available, this will eliminate a lot of problems.

Not only will it avoid having a bunch of rotting cars on lots that will never sell, but also probably save a lot of a money for the new industry.

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None of the USDM 3 can make a small or even midsize economy car worth a flying fuck. Toyota and Honda actually massively benefited from Ford's decision to cancel making compact cars for the US.

Nissan and Mitsubishi just need to throw Renault out of the top floor window (three times, just to make sure), then they *might* have a chance at becoming relevant again.
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Toyota corolla been making bank for toyota for years these american car companies never learn affordable reliable cars is what americans want

The thing that sucks about Toyota though that it is the most targeted by criminals, and thus the insurance rate for those cars unfairly goes up on the individuals who own one.

Insurance companies need to be held accountable as well for strangling people's finances.

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Kaliesto posted...

I think part of the problem is the industry itself, I think a new system should replace it completely.

I think part of the problem is personal automobiles themselves and a new system should replace them entirely

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kirbymuncher posted...

I think part of the problem is personal automobiles themselves and a new system should replace them entirely

I'm all for alternate vehicles, but it is just a matter when the old hat companies get out of the way.

Seems like only Tesla is trying despite how goofy.

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Kaliesto posted...

The thing that sucks about Toyota though that it is the most targeted by criminals, and thus the insurance rate for those cars unfairly goes up on the individuals who own one.

Insurance companies need to be held accountable as well for strangling people's finances.

Huh, I remember hearing old Hondas were the most stolen car. This was probably 5-10 years ago I heard that, though.

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there are so many problems with the automotive industry that idk where to even start.

you have the awful dealership model that is universally hated by customers, is borderline unethical, & inefficient for manufacturers trying to distribute the right amount of cars to the right number of people.

then there are the millions of trim levels that american cars tend to have, loaded with features that nobody wants that inflate the price. idk why but american car makers never seem to get good designers so their cars are usually ugly as fuck (inside & out), they hold value very poorly, etc.

if you want to sell to millennials you need to bypass the whole haggling with a dealer bullshit & sell direct to the consumers. let people customize their cars with the features they want, hire someone with taste to design them, and give a shit about the actual price point of the cars, because educated consumers sure are.

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Apparently from the industry perspective that its cheaper to mass produce than to customize, but yet the cars are not selling (and also wasteful).

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what's the ford/GM/chrysler competitor for the accord/camry? for the civic/corolla? for the avalon/maxima?

That's right, the big 3 pulled out of markets they created because they can't compete

cars in a nutshell: toyota or honda if you want a good car thatll last. literally all other cars if you just like it and willing to get a new car in 5-10 years, or are just so rich you dont care

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*laughs in Tesla*

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Idgi isn't the auto industry very cyclical and after a peak of selling its now heading to oversupply and a downturn in sales?

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I kind of laugh how when the big 3 started making decent sedans again that the crossover craze hit and now sedan sales have declined quite noticeably.

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