I have managed new car dealerships since 1991. A 20% decrease in sales, but instead of $4-5000 in rebates, there are none to $500 max. In a normal year, F150s in July would have $6500 in rebates, currently 0. I’ve been having sold orders come in that were ordered in January, the list price has gone up over $3000, the manufacturers can overcome a 20% decrease.
Ford’s only issue is that they lost 5 billion on their investment in Rivian (electric) which is bein pushed by the government.
they lost 5 billion on their investment in Rivian (electric)
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Saw a YT title where a guy’s brand new Rivian fell apart after 1500 miles. Rivian, the new Yugo.
I saw a Rivian on the road for the firs time today.