U.S. Households Hold $1.6 Trillion In Auto Debt; The Top 10 Global Automakers - Autoline Daily 3811
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- Опубликовано: 28 май 2024
- Autoline reports breaking global car news, with great insight and analysis. Also, top auto executive interviews. We cover electric vehicles (EV), autonomous vehicles (AV) and internal combustion engine technology (ICE), as well as car sales & financial earnings and new car reviews.
0:00 U.S. Households Hold $1.6 Trillion In Auto Debt
1:25 China Tariffs A Benefit & Threat
2:15 NHTSA Investigates Zoox, Waymo
3:23 Kyle Vogt Starts Robot Company
4:44 VW Leaks Some Specs of U.S. ID. Buzz
5:34 Latest Rankings: The Top 10 Global Automakers
6:51 Cryopump Refuels Hydrogen Trucks In 10 Minutes
Story Links:
U.S. Household Auto Debt: assets.equifax.com/marketing/...
China Car Tariffs: www.reuters.com/markets/us/bi...
NHTSA Investigates Zoox: www.autonews.com/mobility-rep...
NHTSA Investigates Waymo: www.autonews.com/mobility-rep...
Cruise Resumes Operations: www.getcruise.com/news/blog/2...
Vogt Starts Robot Company: www.autonews.com/mobility-rep...
U.S. VW ID.Buzz Details: media.vw.com/en-us/releases/1797
First Element Fuel Cryopump: www.firstelementfuel.com/
Read the transcript here: www.autoline.tv/daily/ad-3811...
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I would rather pay for a robot doing house chores than self-driving car…
Up your game Roomba!
VW should make a EVcar named
VOLTSWAGEN
It's not ecological or economical
@@rp9674 Horses are better
Horses - sustenance & transport
@@rp9674 boo
@@rp9674 👻
That's a lot of debt people owe for car's and none of is mine.
-_-_-_ the sun 🌞 ☀️ 🌞 is free for everyone! Don’t be a prisoner to gasoline or hydrogen😮
Yeah, but it's like a water from a river being free, but there are massive tariffs on the buckets and pipes you need to bring the water to your house. That's the problem.
ref: Total Recall, Cohaagen says "NO AIR (OR SUN) FOR YOU...!!!"
Yikes ... there are so many more problems trying to do liquid H2 like that. That company is glossing over all sorts of issues.
Hope to see you this June In Muskegon. Michigan, John. The Highlander.😊❤
Should have shown a comparison of the top 10 list of auto makers over 3 years.
Are sales going up of down. Did companies move up or down.
Why buy Hydorgen when my solar panels make my Tesla fuel for free?
Now if we can remove the tarrifs and taxes on Chinese solar !
@@danharold3087 If only
@@danharold3087solar panels are already really cheap!
My Tesla is free to drive 😁
I get enough Sun to offset my utility bill.
Now tariffs on solar are increased, not everyone will be able to buy solar now . They will be costly
Personally I am waiting for Robo Rickshaws to come to my town!
👍 😎 🤖
It will happen
Hydrogen is still a fool's game.
yup
About 1% of H2 is green, the rest is from Hydrocarbons or coal… defeats the purpose. Double whammy when you have to consider your are carrying 2 power plants like a hybrid.
Agreed!
Hydrogen for general transportation is as dumb as a bag of hammers. There are some special use cases.
What if we could bind the carbon, to a liquid carrier, that pumps at room temperature? We could even use the current infrastructure. Think of all the third world mining operations, that would close. It's the ultimate green solution. Not only would this clean up toxic mines, it will drastically cut inflation. People with good economies, usually set about cleaning up their own pollution as well. We real must think globally.
BYD is really getting it done look at their new pickup BYD Shark 😊❤❤
BYD passed Mercedes and BMW in 2023.
They will leapfrog over Nissan in 2024. Will they also leapfrog over Honda too?
Cue the music from Jaws.
Thanks for the news!
John is the king of automotive numbers!!
Linde provided the first LH2 (liquid hydrogen) system for Mercedes long haul GenH2 truck, which drove 1,000km in Germany last year. Liquid hydrogen is not only way more efficient to store, but also you need way less trucks to deliver and refill stations. Really hope the industry can settle for LH2.
American carmakers have already had 15 years to see the Chinese wave coming, instead of innovating, they chose to embrace an anti_EV marketing campaign where dealers lie to customers about EVs in order to limit their sales and direct sales to ICE vehicles. Now look what we have- an American car market increasingly falling behind Chinese technology and innovation. And China will be rolling out lower priced EVs year after year with longer and longer range. On top of it all, Americans will be paying the most of anyone in the world for old technology. Everyone else in the world will be buying cars that cost 1/3 as much for comparable models by 2030.
Buy a Tesla. Lets hope they release some more affordable cars.
Exactly. Welcome to Cuba 2.0.
Still amazed at the hydrogen development investment. When you consider how many decades of high investment into hydrogen has happened, especially by Toyota, given support with tons of government grants over the decades, the results have been low. If where to apply the ROI mindset to it, hydrogen would be out. Especially after multiple EV commercial truck started hitting the road. Hydrogen has made no sense for consumers based on better EV options, but now options like the Tesla Semi, it shows electric can be used for commercial hauling as well. Would much rather see grants going to insure key roadways have EV charging options to help us move away from fossil fuel.
When you look at how much less complex a EV is versus hydrogen and how with solar and/or wind, combined with battery storage units, can make it so charging stations can be put just about anywhere and will be less maintenance than a hydrogen station.
Now that other companies, such as Costco and Walmart have started test programs with Tesla Semi and Tesla getting the higher volume production built for the Semi, I think it will be another major step forward for electric powered commercial vehicles making sense for many fleets. Hydrogen might catch up someday, but considering electric power was far behind hydrogen and now is passing to hydrogen, I am not holding much hope for hydrogen.
Hydrogen as an energy storage medium requires 15 parts of energy put in for each 1 part of energy you get back. Most of the hydrogen produced in the world is black hydrogen and most of the rest is brown hydrogen. Only some vanishingly small amount is green. Being interested in hydrogen makes me wonder if Toyota isn't crazy.
The amount of money the fossil fuel companies have in the bank to pour into this stuff, and the amount of profits they stand to lose over the next two decades of energy transition, are both unimaginably large.
@@davidmenasco5743 Other forms of energy are always welcome in the transportation industry. Hydrogen is more abundant than anything else so all it needs is a breakthrough technology to harness it commercially.
@@WAN2TREE4 The problem with hydrogen is that it still ties the driver to a filling station owned by a super-wealthy cartel.
It does not allow for the possibility of filling up at home, and it doesn't allow the independence of using solar panels to obtain the energy.
It also does not address the problem of climate change because the hydrogen is made using powerful greenhouse gasses.
There are also major problems with the efficiency of the processes and leakage in every stage.
It would take at least a half dozen major breakthroughs to make hydrogen cost effective and climate friendly, but it will never be consumer friendly, because the capital intensive nature of the operation favors very wealthy monopolies and cartels.
@@davidmenasco5743 As if electricity is not owned and operated by big corporations. And if you are too dependent on home charging and power goes off or delivery gets disrupted by natural disaster then you're stuck at home. All it needs is 5 hours of no power and your world stops. Also, lithium is a limited supply. Its price will only go up.
looks like the big 3 slackers got there way with the tariffs. say good buy to progression.
Good buy? No way
Now watch as government back off on emission targets.
@@danharold3087 If Trump gets in we'll be driving diesels
Not sure why they would want that since it hurts them with the vehicles they make there. GM with the Buick Envision and Ford with the Lincoln Nautilus will now cost way more and all but stop the sales of them here.
@@jamesvandamme7786 Trump invites Chinese to build US auto plants
If Trump gets in we are screw ed.
10 minutes turn around sounds good. But, how many cars can it fill in an hour.
Today's hydrogen charging stations have a limit of 150 cars before the tank needs to be filled.
Polestar new batteries can charge in 10 minutes from 0 to 180 miles.
That's just the beginning
$150 million on AI research is a drop in an ocean. Tesla will invest $10 billion just this year, and they are very close to get trully FSD
Home automation and robotics …. Have no fear, the NHCSA will be here!
Rosie the robot (remember the Jetsons?) will be monitored and regulated by the National Home Cleaning and Safety Administration by their relentless creation of regulations to protect us and our families (whether we want them or not!).
Jetsons intro: ruclips.net/video/FyinD6ZDqeg/видео.htmlfeature=shared )
Level 2 is not even close to level 5! You are dreaming!
4:21 - see entry for ROSIE..!!! 👀🙂(from the Jetsons)
Cry O Pump: the last gasp of a fuel delivery system before it all goes electric.
Bullshit!
@@brunoheggli2888 Exactly H2 is BS!
@@brunoheggli2888 Yeah, look at how great hydrogen car sales are!!! Flying off the lots!
@@brunoheggli2888 Cry
gold is the money of kings, debt is the money of slaves
What about Bitcoin?
@@BTC_Minarchist A: "Bitcoin is the currency of Con-Men". okay next question.
Regarding evs, look up how irelands economy was from most of 1900’s. We went internal and govt created government created companies to supply most goods but they became so inefficient that our prices were higher then they opened up the market which let to mass layoff as these companies couldn’t compete and everyone moved to foreign brands. The 70’s and 80’s were people leaving as there were no jobs until the 90’s when it balanced out and eu money came in. Great synopsis as always. First, if we had cheaper cars there wouldn’t be so much auto debt and second, the rest of the world as well as the Chinese will benefit and we’ll be in our own bubble thinking we’re doing well when we’re not
All those Cyro pump claims may be true but they are perhaps failing to point out that possibly all the H2 liquification energy and cost is by someone else upstream?
Good tech from Element one fuel. Good reduction in cost + efficieny gains, however H2 is still too costly
Yeah, H2 does have a future in heavy transport and heavy industry but it's still a few breakthroughs away before it's ready for prime time. I think a lot of it will go into synth fuels at first since it's much easier to store and transport. Batteries are still king for light duty transport and commuting appliances though especially around cities with all the stop and go and little air resistance.
Hmm, how does legacy auto try to spin EV demand issues as widespread, that nobody wanted them bla bla... while at the same time needing tariff protection from Chinese competition?
Seems the problem is that this a "legacies still unable to make competitive EVs" problem, that's how those two pieces can fit together, no?
John, Autoline Daily hasn’t worked on Apple Podcasts for quite some time now. I’ve reinstalled the podcast a couple times with no results.
No new car smell can compensate for the stress of making payments.
Phasing down tariffs to create incentive is good except they may never have fair pay & labor practices in many countries
Chinese factories that manufacture products popular in the United States have been documented as including: excessive overtime, crowded and unsafe working and living conditions, underage workers, and unpaid wages.
ID Buzz is DOA
Looks good, but a little past peak hype
@@rp9674 Yeah, they could have made a killing on that thing if they had been able to release it a couple of years earlier.
Curious why you say that.
IMHO This is the first vehicle that could potentially lure people out of the silly pseudo-off roader fad that's 3 decades old.
The buzz has died down, took too long to bring it
Looked really cool in concept version. Production version hit every branch of ugly-tree on way to ground.
Tariffs make no sense. American automakers will never catch up. Autoline is not critical enough of Ford and GM. It’s about quality. They need to produce quality cars for which they are currently not doing so.
I will gladly take Cruise Robo taxis here in Phoenix. I used to take them in San Francisco and it was always such a fun ride. It reminded me of Mr. Toad’s Wild Ride. Waymo isn’t exciting enough
VW Buzz rollout took forever. Failed to take advantage of the unique electric van segment. Reviews so far have been mediochre.
Rich people drive cars that are leased through their companies and deduct the cost from their taxes.
Poor people borrow lots of money (relative to their after tax income) and buy expensive cars to feel better about themselves.
Rich people just buy cars in cash. Why take a loan, those cost money.
@@ethanwelner1230 you missed “deduct the costs from their taxes “ part.
Paying cash means spending after-tax income.
Declaring the cost of the car as business expense means spending pre-tax $$.
This is as basic tax avoidance procedure.
I'm in the middle. I always buy used and pay cash. So far I'm way ahead, and I never get collision insurance either.
1st car, '59 Dodge, $75. Latest car, 2018 CX-5 off lease, $20K.
Piggy bank is now ready to replace my 2015 Focus with an EV, but I'm waiting for somebody to make one.
@@ethanwelner1230 Many people with money to purchase expensive autos also choose to purchase solid, reliable and moderately price autos. They don't drive their money around, just like they often wear moderately prices clothes and shoes of good quality. They don't need to show off or pretend to be affluent. They know they are.
As I look at this top 10 list based upon sales, I am not surprised by Toyota, but the Hyundai Group's growth is wild. I remember the Excel here in the States and seeing the rust buckets while being stationed in South Korea. It is like night and day. Just by this chart, they are almost the equal of both Honda and Nisssn. Honda is not much better than Nissan. Having a variety of vehicles is key 🔑 here, and the so-called Big Three have been too dependent on truck based or at least RWD platforms to push sales. Ford is barely ahead of Honda, and Stellantis went bankrupt in China.
That's a lot of debt about to be backed by cars that can't drive themselves.
Automakers need competition but they are also global so they have it even if the US market is protected. That's been the case for decades and they still have not innovated so it looks like they will need protection forever.
Protection will not save US auto, as we know it. It will kill it.
алгоритм (Algorithm in Bashkir)
A "protected market" hurts American consumers. That’s why US manufacturers don’t try and why the best cars are foreign.
Toyota is currently #1 in reliability, and Ford is currently #1 in recalls. But let's see if Ford builds a cheap EV.
As it is now for home solar.
china has always been protectionist, why is it only bad when the u.s does it. China forced u.s manufactures to partner with Chinese companies to sell in their home country
@@danharold3087Then why are there so many scammers in the industry?
@@jamesvandamme7786 And that pickup is $80,000
I'm under 50k a year earner(42,500). In April of 2024, I financed 21,500 for the 2023 Honda Ridgeline.
I'm now looking into buying a Tesla model Y in August 2024. Washington State 5,000 dollar instant rebate and Federal credit of 7,500 is the reason 😂
WA state rebate may not last till Aug. I think Federal credit may disappear too, but not likely till 2025.
@@BTC_Minarchist
Washington State incentive doesn't start until this coming August.
My plan is to get me an EV before the end of the year.
It would be nice to get both of the incentives.
If Nissan and Honda sneeze BYD will blow right on by them.
With hydrogen running between $25-$40/kg here in CA, the only way that cryopump could get anywhere near the idea of cutting hydrogen prices in 1/2 would be if the hydrogen was produced entirely from fossil fuels. The only benefit of a FCEV would be to reduce local tailpipe emissions but you're still outputting CO2. Until we have an overabundance of electricity hydrogen would only make fiscal sense as a storage medium for transient overproduction from renewables. Once we have sustainable fusion then we can combust hydrogen to our hearts content.
Hydrogen can be used to store wind/solar generated electricity. Oh, Mr. Biden raises tariffs on Chinese made solar panel AGAIN🤣
Electricity will never be free ("too cheap to meter"). And charging a battery will always beat making synfuel out of it. Making H2 from fossil fuel is the cheat that the oil industry uses to keep EVs from catching on.
Where Tesla is in the ranking?
I believe sales were 1.8 million, just behind Mercedes.
What made the American car industry complacent in the first place?
Gross Pointe Myopia😅
Their emphasis has been on marketing and advertising, financial services and bean counting for two generations.
These are things that Tesla would be moving towards with some urgency, if they got a regular CEO.
Let's see if VW has learned a lesson, if they will overprice it like they did the D.O.A. Phaeton of several years ago.
How exactly does the "Cryopump" cut hydrogen costs in half? Why report promotional nonsense if you have zero reasoning capacity yourself?
🤬🤬 Less COMPETITION means HIGHER PRICES AND LESS QUALITY! HURTS CONSUMERS THAT NEED an affordable car. Plus since GM ford ...40% revenues are from CHINA....THEY WILL RETURN THE FAVOR!
"I did that!" --Joe Biden
@@jamesvandamme7786 "Pause" -Joe Biden 😂
Hydrogen is still made from natural gas.
That's why the fossil fuel industry pushes it.
The CO2 emissions wouldn't change much, but at least the pollution would be concentrated around a few large industrial facilities rather than a million semi trucks dumping NOx everywhere.
Solar energy is going to be so cheap we can just make it
Why the rich would pay 2.9% or way more for an auto loan is beyond me....
John, I agree with you on the subject of tariffs, if and only if, proprietary information/rights are vigorously enforced in world courts. Unfortunately they are not.
The difference here is the Chinese are ahead of almost all BEV automakers and they have no need to steal 20th century technology they legally acquired long ago.
The Chinese will simply begin construction in Mexico I think, if they haven't already.
@@snookmeister55i think problem is America always hate other countries if they prosper in anything. Everyone knows china gdp will surpass america in future , that is why American is crying, so that it cannot go ahead
@@snookmeister55 It remains to be seen if those cars will be cost competitive. Manufacturers in China benefit heavily from massive infrastructure investment, local access to parts and raw materials, and powerful laws that prohibit workers from organizing or moving. Mexico is lower income but the average wage of a factory worker in Mexico is still more than double that of China and workers are free to leave or move house when they want. They're also on the other side of the world from the supplier base.
@@ethanwelner1230 Not saying you're wrong but I've read that Mexican labor is now cheaper than Chinese. Anyway, Chinese/Mexican collaboration looks to be their entry to USA.
I think Biden has it right. How soon we forget the "rust belt" and jobs that went overseas with persons having to train thier overseas replacement.
And as far as the competition lagging without the Chinese auto companies, at last count I believe there are at least 10 auto companies doing business in the US. How many does it take to make a competition?
China won't bother coming to America yet anyway. We are a decade away, or more, from having any viable amount of local charging so that 60% of drivers can charge at home, work, or out running errands. But I'm hoping with Tesla's latest SC move that everyone will realize that we no longer need plugs on highways.
Thing is They already had a decade to "catch up." Their pride kept them from copying Tesla. Now look where they are. Running to the Govt for help. And the funny part is that their next gen cars will be soo Tesla-like, They are going to say, Heck we should have done this 10 years ago!
Tesla would also have its lunch money stolen by direct Chinese imports. The technology is cute but what makes Chinese cars so cheap is labor costs.
@@ethanwelner1230 Tesla will be fine. They will be still in business selling electric cars along with the Chinese while unwanted hybrids start piling up at the dealers. Besides Tesla in 5 - 10 years electric cars will be a mere sideline. Cars will be just one of its many product offerings. EVERYONE is sleeping on Tesla Energy just to name one.
@@ethanwelner1230 What makes Chinese cars so cheap is the Chinese government. Look up State-owned Assets Supervision and Administration Commission of the State Council and SOEs. No free country has a chance.
Finally we're seeing a technology that's almost ready for prime time..Hydrogen. If we can mange to bind the hydrogen to a liquid carrier, that can be pumped at room temperature. A carrier, that might even serve as a lubricant as well. It could be some sort of carbon nano liquid. We could even use our current infrastructure, and use the savings to solve really big problems, like vehicle affordability, and global hunger. This actually makes sense.
This is the oil companies looking to repurposed their investments and keep you filling up at a station instead of charging on your home solar.
U.S. Households *about to default on* $1.6 Trillion In Auto Debt *and tank economy*
Don't you worry, the Brandon Treasury will backstop those individuals who make poor life financial decisions and put the whole country deeper in debt.
forget about the auto debt. just watch when it happens to the housing market. 2005 all over again.
Who says?
Not really. The numbers in the video show that most of the loans have by people with high income and the amount of money they owe is low compared to the money they make.
@@simson4t they probably have a large mortgage and credit card debt. I read sometime ago that the professions with the highest debt to income ratio are doctors and lawyers. I see if i can find it again. Many doctors have a large ego and wouldn't be caught dead in a Camry they have to have a 7 series BMW and a 1.5 million dollar house
John,
Advocate loudly for the time barr that you mentioned in the American auto debt segment. It feels like the current administration is 3 or 4 steps behind... Problematically, they are very comfy there. Help em learn.
It's hard to learn when the greatest lesson is "Factory workers in China make subsistence wage and aren't allowed to leave".
Better then following the previous administration who personally claimed bankruptcy several times and during his four years in office we had the largest deficits in the history of all presidents!
🎉🎉 My yearly net income is $1.2 million, and I owe ZERO! again, ZERO!
No CCP regime propaganda today! Amen! 👍
Doesn’t matter GM, Dodge and Ford wouldn’t even catch up in a decade! Tesla, Rivian and Lucid will be the only one that will be the future American cars!
Tesla is doomed!
I think US Legacy OEMs are in trouble too, but time will tell who survives.Anything can happen in the coming years.
GM and Ford would already be long gone if it weren't for the pickup sales. Probably a ton of protectionist laws around protecting that from the big brands.