New Car Market: Prices Are About To Plummet Due to Oversupply

[citygator]

U.S. car dealers have over 1.9 million cars on their lots, or a 53-day supply. That is up 75% from just a year ago. So it looks like the supply chain and computer chip problem has been solved. The cars that sit on the lot the longest are the EV's at 103 days, followed by full-sized cars at 99 days.

Look for falling prices as dealers work to keep their lots moving which will further ease inflation. Thanks Biden!

New Car Market: Prices Are About To Plummet — Is Now the Right Time To Buy?

The U.S. car market has shifted into lower gear in only a matter of months. After average car prices hit record highs as recently as last summer, some analysts now predict that an oversupply of...

finance.yahoo.com

Dealers Now Have Nearly Two Million New Cars Sitting On Their Lots - Jalopnik

New-vehicle inventory at dealers in the U.S. is continuing its slow and steady climb upward as production around the world recovers following the brunt of the pandemic. According to Automotive News, that trend was no different in June, and unsold electric vehicles are a big reason why.

jalopnik.com

 

[theHawk]

U.S. car dealers have over 1.9 million cars on their lots, or a 53-day supply. That is up 75% from just a year ago. So it looks like the supply chain and computer chip problem has been solved. The cars that sit on the lot the longest are the EV's at 103 days, followed by full-sized cars at 99 days.

Look for falling prices as dealers work to keep their lots moving which will further ease inflation. Thanks Biden!

New Car Market: Prices Are About To Plummet — Is Now the Right Time To Buy?

The U.S. car market has shifted into lower gear in only a matter of months. After average car prices hit record highs as recently as last summer, some analysts now predict that an oversupply of...

finance.yahoo.com

Dealers Now Have Nearly Two Million New Cars Sitting On Their Lots - Jalopnik

New-vehicle inventory at dealers in the U.S. is continuing its slow and steady climb upward as production around the world recovers following the brunt of the pandemic. According to Automotive News, that trend was no different in June, and unsold electric vehicles are a big reason why.

jalopnik.com

No is buying the EVs.

Plus many people can’t afford the absurd interest rates from the usury business.

 

[Mac1958]

U.S. car dealers have over 1.9 million cars on their lots, or a 53-day supply. That is up 75% from just a year ago. So it looks like the supply chain and computer chip problem has been solved. The cars that sit on the lot the longest are the EV's at 103 days, followed by full-sized cars at 99 days.

Look for falling prices as dealers work to keep their lots moving which will further ease inflation. Thanks Biden!

New Car Market: Prices Are About To Plummet — Is Now the Right Time To Buy?

The U.S. car market has shifted into lower gear in only a matter of months. After average car prices hit record highs as recently as last summer, some analysts now predict that an oversupply of...

finance.yahoo.com

Dealers Now Have Nearly Two Million New Cars Sitting On Their Lots - Jalopnik

New-vehicle inventory at dealers in the U.S. is continuing its slow and steady climb upward as production around the world recovers following the brunt of the pandemic. According to Automotive News, that trend was no different in June, and unsold electric vehicles are a big reason why.

jalopnik.com

Hmm.

Also, as I understand it, the USED car market went nuts, too. That would mean that car dealers paid too much for their used car inventories at trade in, and are going to be screwed if new car prices drop.

 

[SweetSue92]

U.S. car dealers have over 1.9 million cars on their lots, or a 53-day supply. That is up 75% from just a year ago. So it looks like the supply chain and computer chip problem has been solved. The cars that sit on the lot the longest are the EV's at 103 days, followed by full-sized cars at 99 days.

Look for falling prices as dealers work to keep their lots moving which will further ease inflation. Thanks Biden!

New Car Market: Prices Are About To Plummet — Is Now the Right Time To Buy?

The U.S. car market has shifted into lower gear in only a matter of months. After average car prices hit record highs as recently as last summer, some analysts now predict that an oversupply of...

finance.yahoo.com

Dealers Now Have Nearly Two Million New Cars Sitting On Their Lots - Jalopnik

New-vehicle inventory at dealers in the U.S. is continuing its slow and steady climb upward as production around the world recovers following the brunt of the pandemic. According to Automotive News, that trend was no different in June, and unsold electric vehicles are a big reason why.

jalopnik.com

It's too late for this for '24, especially with his sketchy demented actions in public.

 

[luiza]

Its all coming true, just as we so called Conspiracy people forecast . Though,on common sense grounds ,it should have been obvious to anybody not reading MSM FakeNews. And it will worsen, because there are further interest rate increases in the pipeline , renewed inflation , plus millions continuing to be taken out of the market by Killer Shot disablement and that little other matter , death . All of that and despite officialdom desperately trying to deflect from these subjects by massaging numbers and lying about the true situation; . But that just simply delays when even the Sheeple will see full reality.All imho .

 

[citygator]

Its all coming true, just as we so called Conspiracy people forecast . Though,on common sense grounds ,it should have been obvious to anybody not reading MSM FakeNews. And it will worsen, because there are further interest rate increases in the pipeline , renewed inflation , plus millions continuing to be taken out of the market by Killer Shot disablement and that little other matter , death . All of that and despite officialdom desperately trying to deflect from these subjects by massaging numbers and lying about the true situation; . But that just simply delays when even the Sheeple will see full reality.All imho .

This is good news for Americans, not bad. Keep up.

 

[luiza]

This is good news for Americans, not bad. Keep up.

Have no idea how you make that leap of hope . It is a disaster scenario for the US, as it will also be for the EU and doubtless many other countries . It possibly only needs one more big bank to go under, and there is a queue for that which is a mile long . And as more and more "lack of harvest" figures are released we will see further panic . If you want to be a multi millionaire , buy obvious commodities . When even the Mafia banks like JP Morgan , Goldman Sachs and BofA switch out of bonds to gold and commodities you know that Santa has sent you a message .

 

[toobfreak]

Look for falling prices as dealers work to keep their lots moving which will further ease inflation. Thanks Biden!

Yeah I'm sure the thousands of people who just had to pay $70,000 for a car within the last year will just be THRILLED with Joe now that people can buy the same cars new for like $53,000! And that $70,000 car they just bought six months ago now just barely broken in is lucky if it is still worth $34,000 as a trade in!

 

[Mikeoxenormous]

U.S. car dealers have over 1.9 million cars on their lots, or a 53-day supply. That is up 75% from just a year ago. So it looks like the supply chain and computer chip problem has been solved. The cars that sit on the lot the longest are the EV's at 103 days, followed by full-sized cars at 99 days.

Look for falling prices as dealers work to keep their lots moving which will further ease inflation. Thanks Biden!

New Car Market: Prices Are About To Plummet — Is Now the Right Time To Buy?

The U.S. car market has shifted into lower gear in only a matter of months. After average car prices hit record highs as recently as last summer, some analysts now predict that an oversupply of...

finance.yahoo.com

Dealers Now Have Nearly Two Million New Cars Sitting On Their Lots - Jalopnik

New-vehicle inventory at dealers in the U.S. is continuing its slow and steady climb upward as production around the world recovers following the brunt of the pandemic. According to Automotive News, that trend was no different in June, and unsold electric vehicles are a big reason why.

jalopnik.com

Depression usually happens when prices start to fall rapidly.

Deflation

---

Deflation is when the prices of goods and services decrease across the entire economy, increasing the purchasing power of consumers. It is the opposite of inflation and can be considered bad for a nation as it can signal a downturn in an economy, leading to a recession or depression.

Why Is Deflation Bad for the Economy? - Investopedia​

www.investopedia.com/articles/personal-finance/030915/why-deflation-bad-eco…

 

[1srelluc]

LOL....Given the .gov subsidies for EVs the taxpayer footed they should have a sale....A free EV with the purchase of a ICE vehicle.

 

[JoeB131]

It's too late for this for '24, especially with his sketchy demented actions in public.

Dream on, Islamophobic ****.

No one wants Trump back.

 

[pknopp]

No is buying the EVs.

Plus many people can’t afford the absurd interest rates from the usury business.

Money should be FREE!!!!

 

[Papageorgio]

U.S. car dealers have over 1.9 million cars on their lots, or a 53-day supply. That is up 75% from just a year ago. So it looks like the supply chain and computer chip problem has been solved. The cars that sit on the lot the longest are the EV's at 103 days, followed by full-sized cars at 99 days.

Look for falling prices as dealers work to keep their lots moving which will further ease inflation. Thanks Biden!

New Car Market: Prices Are About To Plummet — Is Now the Right Time To Buy?

The U.S. car market has shifted into lower gear in only a matter of months. After average car prices hit record highs as recently as last summer, some analysts now predict that an oversupply of...

finance.yahoo.com

Dealers Now Have Nearly Two Million New Cars Sitting On Their Lots - Jalopnik

New-vehicle inventory at dealers in the U.S. is continuing its slow and steady climb upward as production around the world recovers following the brunt of the pandemic. According to Automotive News, that trend was no different in June, and unsold electric vehicles are a big reason why.

jalopnik.com

So supply chain issues get solved and that is due to Biden? Did Biden cause the shortage? He had little to do with inflation as he had with the solution. You political hacks are truly moronic.

 

[Harpy Eagle]

It's too late for this for '24, especially with his sketchy demented actions in public.

The election is 16 months away, that is about 13 months longer than the average votes attention span.

 

[Harpy Eagle]

Depression usually happens when prices start to fall rapidly.

Deflation

---

Deflation is when the prices of goods and services decrease across the entire economy, increasing the purchasing power of consumers. It is the opposite of inflation and can be considered bad for a nation as it can signal a downturn in an economy, leading to a recession or depression.

Why Is Deflation Bad for the Economy? - Investopedia​

View attachment 805628
www.investopedia.com/articles/personal-finance/030915/why-deflation-bad-eco…

Damn, you people just cannot be happy. It is bad when prices go up, it is bad when prices go down....as long as there is a Dem in the White House that is.

 

[luiza]

Depression usually happens when prices start to fall rapidly.

You are overlooking the fact that you are only discussing a single item with its rather unusual background . Deflation is not a function just of the price of EVs . It is about the Basket of items which is due to rise big time very soon .

 

[Hellbilly]

No is buying the EVs.

Everyone is buying EV’s.
They outsell ICE 2-1.

 

[citygator]

You guys crack me up. Cheaper cars means more money folks can spend on other stuff. This is good for the economy in total. Car margins will come down but they'll still be making tons of money.

 

[SweetSue92]

The election is 16 months away, that is about 13 months longer than the average votes attention span.

Not once a narrative is set like it is for Biden, and same for Trump. Very hard to undo that, even in 13, or even 16, months. Esp when Biden keeps going out there tripping everywhere and sniffing babies.

 

[Harpy Eagle]

Not once a narrative is set like it is for Biden, and same for Trump. Very hard to undo that, even in 13, or even 16, months.

Which narrative is that?

Most from your tribe have been focusing on the economy, but that is not looking like the winning strategy any longer.