Latest OnLine Editon  Read Here

Beyond the Fringe Featured

There is an entire subculture of financial bloggers whose throats must be sore from screaming about doom and gloom. This includes sites such as Zero Hedge (their avatar is Tyler Durden, that tell you all about them), The Daily Coin and this guy, who actually worked at a dealership. Auto sales and finance is one of their favorite topics. We're headed for "carmageddon" don't you know. And there are other people, people within the car business, who agree with them.

But should you? Maybe not. Among the main reasons is that pessimists are often wrong. It's just that when they're right, they never let you forget it. 

Rate this item
(0 votes)

Ted Craig

  • The Help
    Dealers are finding good help is more than hard to find. It's also expensive to hire. CarMax is promoting that it's paying top dollar for new employees at its latest…
  • Bound to Be the Very Next Phase
    I saw a BMW I3 in my local Kroger parking lot the other day. It was an odd-looking thing. Directly across from it was a Chevy Volt. So maybe there…
  • You Will Be Assimilated
    This guy has an interesting dealership. But notice it's his pre-owned store. Heaven forbid his franchise store should have any kind of personality. This guy gave up his Chevy franchise…
  • Let's Keep This Private
    It just keeps getting worse with Equifax. According to today's WSJ, the breach might have occurred via the firm's credit-monitoring services. This mess could lead to the CFPB's arbitration ban…
  • That's Reality
    For people who cover stories on business, finance and economics, the folks at NPR’s Planet Money podcast project considerable naivety. This works well when they gush childlike enthusiasm about one…
  • Labor Pains
    Franchise dealers in the Chicago area have been involved in a dispute with their mechanics for several weeks now. It has gotten ugly, with no end in sight, although some…
  • Oh Equifax
    Really, how can a company that makes money from ID theft protection and that has in fact ginned up fears about that crime, become the victim of a massive cyber…
  • Under Construction
    Plenty of folks are talking about how the destruction of vehicles in Houston will be a boon for the truck market because Texas is truck country. That's true, but there's…
  • Happy Days Are Here Again
    The Burger King across the street from our office is hosting a job fair. It reminds me of when I first started here in 2000 and the place was paying…
  • I Am Not a Number, I Am a Person
    After years of seeking a formula to predict human performance, many are starting to look at people as more than a series of 1s and 0s. Ford recently announced it…