Elio Motors, Inc. (ELIO) Has a Clearly-Focused Strategy to Dominate Underserved Segment of Car Market amid Big Short 2.0 Auto Loans
In an age of subprime 2.0, where the next Big Short is looking more and more like auto loans (http://dtn.fm/XfWR0) as delinquencies hit a six-year high of around five percent (the highest level since September 2009), the idea of an American-made, ultra-high-mileage two-seater, sporting an amazing 84 MPG highway and going for a targeted sticker price of just $6,800, is a concept whose time has come. While the Elio, a commuter-focused piece of three-wheel innovation aimed squarely at the 76 percent or more of Americans who drive to work every day solo, may not win Daytona next year, it has…