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Midway through 2023 it's clear that many buyers still want sedans over SUVs, as evidenced by strong sales performance from several automakers in this segment.
I think the free money train has ended and people are now left with ridiculous grocery bills and can’t afford the $70k vehicles others were previously financing at 0%.
Interest rates have destroyed affordability and now people are looking for the cheapest thing on the lot that fits their needs. Expect inventories to rise in everything but the cheapest vehicles until OEMs get with the programs and reduce prices.
COVID is over and we’re ‘back to normal’ according to every employer out there. How about prices come back to normal as well.
I think the free money train has ended and people are now left with ridiculous grocery bills and can’t afford the $70k vehicles others were previously financing at 0%.
Interest rates have destroyed affordability and now people are looking for the cheapest thing on the lot that fits their needs. Expect inventories to rise in everything but the cheapest vehicles until OEMs get with the programs and reduce prices.
COVID is over and we’re ‘back to normal’ according to every employer out there. How about prices come back to normal as well.