How much do rideshare drivers earn? More than you might think.

According to our analysis, drivers between May and August 2021 took home nearly $35 per hour after expenses. Thrust into the spotlight during the pandemic, rideshare companies have become important sources of supplemental income for thousands, even as important questions persist about this new, flexible economy. At the core of these conversations is a simple […]

Automotive Industry Alert: Burning Felicity Ace Could be a Half-Billion Dollar Disaster

February 21, 2022 – East Lansing, MI – The giant car-carrying Felicity Ace began to burn last Wednesday, and its crew safely abandoned ship the same day. Based on Thursday’s initial reports (which indicated the entire crew had abandoned ship and that the vessel was still burning), we estimated impending losses while presuming some salvage […]

UPDATED “Freedom Convoy” Disruptions: Direct Loss Tally Surpasses One Quarter Billion Dollars

February 14, 2022 – East Lansing, Michigan –Anderson Economic Group has updated our February 10th estimate of lost auto industry wages due to the trade disruptions in Sarnia and Windsor, Canada associated with the “Freedom Convoy” protests. Our updated estimate includes lost direct wages for Michigan, lost direct wages in Ontario, and some lost direct […]

“Freedom Convoy” – Additional Notes and Methodology

Methodology and Assumptions Methodology The methodology we use here is the same we have employed numerous times, including most recently in the UAW-GM strike in 2019. It involves: Identifying the specific cause, and the directly-affected employers and workers. Identifying the number of workers in affected facilities or segments of the industry. Estimating a share of […]

Extraordinary Increase in Vehicle Prices Outpaces Wage Growth in 2021

2021 a Tough Year for Would-Be Buyers East Lansing, MI–January 20, 2022: Anderson Economic Group has released the results of their recent analysis comparing new and used vehicle price increases to wage growth in the US private sector. The firm’s experts analyzed US Bureau of Labor Statistics data related to the Consumer Price Index (CPI) […]

First Edition (2021): Real World Cost of Fueling EVs and ICE Vehicles

This report has been updated. Please see the Second Edition of this report, released April 6, 2022.   (First Edition, 2021) Electric Vehicles can be more expensive to fuel than their internal combustion engine counterparts Patrick L. Anderson, Principal and CEO Alston D’Souza, Senior Analyst The automobile industry is on the cusp of the biggest […]

EV Fueling Study FAQ

EV Fueling Cost Comparison Study: Comment Responses, Clarifications, and FAQs Since the release of the first edition on October 27, we have noted several hundred questions and comments regarding the study Comparison: Real World Cost of Fueling EVs and ICE Vehicles. Below, we respond to those we have seen most frequently. Note that the second […]

Real-World Electric Vehicle Fueling Costs May Surprise New EV Drivers

Note: This release refers to the First Edition of this report. The Second Edition, released April 6, 2022, can be found here.     6 months of independent research finds fueling costs for electric vehicles (EV) are often higher than for internal combustion engines (ICE) East Lansing, MI–October 21, 2021: Anderson Economic Group released today […]

Anderson Economic Group: GM Strike Analysis

Page updated November 7, 2019 See AEG’s latest analysis from October 25 below. Patrick Anderson explains the implications of this strike beyond the auto industry (Detroit News editorial, 10/2/19). Media outlets seeking the most current AEG expert analysis, interviews with Patrick Anderson and Brian Peterson, or up-to-the-minute input from our analysts should contact Lisa at […]

Revenue at Risk for Automotive Dealerships: The Growing Use of Manufacturer Incentive Programs