The US auot market was down 8% in 2022. This is a bad number with total sales coming in at 13.6 million.
We usually see around17M sold.
In this video I discuss the tentacles of the auto industry and how they tend to be a bellweather on the state of the economy.
▶️ 3Speak
I haven't been keeping up with things but a mindset where they won't accept any loss is bad for everyone. At some point in time, they will have to accept it because the prices can't stay as elevated as they were in the past. Just look at Carvana and how they are going out of business in the used car market.
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