Hopefully a “crisis” will put some downward pressure on the ridiculous prices of new and used cars.
“Hopefully a “crisis” will put some downward pressure on the ridiculous prices of new and used cars.”
Supply has to come up or demand has to go down. Everything else is paperhanging. Car people calculate the risks, they are ready for what’s coming, they know the cycle. I had a good friend who was a GM at a dealership, which led to a bunch of real estate sales for me and I hung out there a lot. They made big money when sales were hot and spent it just as fast as it came in. When they drank they would tell the truth. I asked one his best (bad) story. He said “I sold car that had a rod knocking to a deaf guy.” Now that’s cold. They are big boys, they can take some poor business times.