Summary:
Whenever Elon Musk says a thing, I reflexively mistrust it. So when I saw a video clip of Musk making this assertion, I wanted to think I learned something about the auto industry, but then I considered the source:“Large incumbent carmakers sell their cars at low to zero true margin. Most of their profit is selling replacement parts to their fleet, of which 70% to 80% are past warranty. Like razors & blades.”What say you, Bears? Is he correct? Tags: Incumbent carmakers, profit margins on new cars
Topics:
Joel Eissenberg considers the following as important: Hot Topics, Incumbent carmakers, profit margins on new cars, US EConomics
This could be interesting, too:
Whenever Elon Musk says a thing, I reflexively mistrust it. So when I saw a video clip of Musk making this assertion, I wanted to think I learned something about the auto industry, but then I considered the source:“Large incumbent carmakers sell their cars at low to zero true margin. Most of their profit is selling replacement parts to their fleet, of which 70% to 80% are past warranty. Like razors & blades.”What say you, Bears? Is he correct? Tags: Incumbent carmakers, profit margins on new cars
Topics:
Joel Eissenberg considers the following as important: Hot Topics, Incumbent carmakers, profit margins on new cars, US EConomics
This could be interesting, too:
Joel Eissenberg writes Credit where credit is due
Angry Bear writes Sovereign citizens
NewDealdemocrat writes The bifurcation of the new vs. existing home markets continues
NewDealdemocrat writes Initial jobless claim Zzzzzzzzzz . . . .
Whenever Elon Musk says a thing, I reflexively mistrust it. So when I saw a video clip of Musk making this assertion, I wanted to think I learned something about the auto industry, but then I considered the source:
“Large incumbent carmakers sell their cars at low to zero true margin. Most of their profit is selling replacement parts to their fleet, of which 70% to 80% are past warranty. Like razors & blades.”
What say you, Bears? Is he correct?