Quick Read – Ford (F) F-150 starts at $38,780 but climbs to $45,000 with modest features, pricing out buyers as average new vehicles now top $51,000. – Bain and Company projects US new-car sales will collapse from 16 million annually today to just 2 million by 2040. – Erik…
verinson, Volvo’s chief commercial officer, says people being unable to buy new cars reflects something fundamentally wrong in the broader economy. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Ford didn’t make the cut. Grab the names FREE today
There is growing expert consensus that car sales in the US will start to decline and may drop sharply. Bain and Company has done some of the best work on this. The consulting firm said US new-car sales could drop to 2 million by 2040, according to CNBC.
There are about 16 million a year today. Cars, SUVs, and light pickups are too expensive. Car Edge reports that the average price of a new vehicle has hit over $50,000.