Latest Online Edition  Read Here

No, They Didn't Featured

Yesterday's WSJ had an article on plans by Mahindra & Mahindra to start selling vehicles in the U.S. There was no mention that we've seen this show before and it didn't end well.  That was a pretty big oversight, but almost forgivable. What isn't, for me, is the continued inability of the paper's automotive beat writers to understand the basics of car sales. John D. Stoll write, "The off-road vehicle to be built in Auburn Hills, much., isn't aimed at the more than 17 million people who buy trucks or cars annually in the U.S." First off, he means new vehicles, but second, and more importantly, there has never been a year when 17 million people bought trucks and cars. At the end of October, Edmunds estimated the total SAAR at 17.6 million. The retail SAAR was 14.6 million, with fleet transactions accounting for 17.1 percent of total sales. Why can't the MSM grasp the concept that not all cars are sold to people?

Ted Craig

  • Boxed In
    A recent story in the WSJ details how GM wants to use carbon fiber in its pick-up trucks. Carbon fiber offers the strength of steel with the fuel-saving benefits of…
  • Maybe They're Just Jerks
    A few years ago, a female producer said many men in Hollywood view themselves like this. In reality, they're probably more like this. The recent focus on sexual harassment might…
  • Tax Wins
    The tax bill, as it stands now, seems pretty good for dealers. It keeps the floor plan interest deduction, thanks to Rand Paul. It allows credit unions to continue pretending…
  • What Went Wrong
    A few weeks ago, a former aide to Barney Frank penned an op-ed titled "What Went Wrong with the CFPB." I'll tell you what went wrong. First, the CFPB is…
  • Now You Know
    Education is seen as the answer for everything. The CFPB considers financial literacy the solution to consumers' problems. After the clashes in Charlottesville, there were calls for educating people to…
  • Kinda Disappointed
    It seems the situation concerning CFPB leadership is moving toward a quick resolution, with Leander English unable to stay in the director's office. For a while, I had visions of…
  • Situation Normal
    Starting in 1378, the Catholic Church had two popes. Urban VI was seated in Rome, Clement VII in Avignon, France. Apparently, somebody skipped over the part about two masters. The…
  • Bad News
    The other day, I wrote about the poor coverage of auto sales in the Wall Street Journal. Then, on Friday, I saw another junk article, this one about general retail…
  • No Solutions
    The older I get, the more I'm convinced people don't want solutions. They don't want their problems, but there is a difference between that and solutions. Solutions are hard. They…
  • No, They Didn't
    Yesterday's WSJ had an article on plans by Mahindra & Mahindra to start selling vehicles in the U.S. There was no mention that we've seen this show before and it…