Article

2023-01-06 Economy

Biden's Economy: Auto Sales Down 8 Percent, Lowest Levels Since 2011

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Posted by Besoeker 2023-01-06 02:46|| || Front Page|| [8 views ] Top

#1 Supply Chain ?

What about 'supply and demand?' Difficulty moving that $80,000 vehicle due to falling demand? Here's a tip, it's likely to become even more difficult.

Posted by Besoeker 2023-01-06 03:27|| 2023-01-06 03:27|| Front Page Top

#2 I guess when my 4-year-old vehicle sells USED for around $1,200 less than it did when I bought it new.

The same 2023 model costs around $7.5k to $10k more now. Then add in the REAL 18+% inflation rate that is eating up more disposable income.

An 8% slump in sales is better than I would have expected.

Posted by NN2N1 2023-01-06 04:39|| 2023-01-06 04:39|| Front Page Top

#3 Next up...'Kash For Klunkers II'

Posted by Mullah Richard 2023-01-06 07:11|| 2023-01-06 07:11|| Front Page Top

#4 ‘Kash for Klunkers II’ featuring mandatory retirement of all vehicles more than X years old. Payout = scrap metal rate.

Posted by USN, Ret. 2023-01-06 08:07|| 2023-01-06 08:07|| Front Page Top

#5 Cash for Clunkers = replacing ICE vehicles for EV's?

Posted by DooDahMan 2023-01-06 08:26|| 2023-01-06 08:26|| Front Page Top

Posted by Besoeker 2023-01-06 08:28|| 2023-01-06 08:28|| Front Page Top

#7 Inflation and rising interest rates are probably not helping sales.

Posted by Super Hose 2023-01-06 12:24|| 2023-01-06 12:24|| Front Page Top

#8 I remember when you could buy a very nice house with the money you'd pay for a car these days. That's what you call the cumulative effect of inflation.

Posted by Abu Uluque 2023-01-06 12:56|| 2023-01-06 12:56|| Front Page Top

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