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Is the Car Market in Trouble? Understanding the Shifts and Challenges
Manage episode 435246114 series 2911349
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- Current Car Market Drama:
- Jalopnik reports three million cars sitting on dealer lots—the highest in four years.
- The situation appears to be worsening compared to pre-pandemic levels.
- Automakers are struggling to move cars.
- Local Impact:
- Are dealerships in your area experiencing a backlog of cars?
- Have you noticed any changes in how dealerships are handling inventory?
- Electric Vehicles (EVs):
- Over half of Teslas are being traded in for gasoline cars.
- Many buyers of EVs are dissatisfied and returning to traditional vehicles.
- Industry Shifts:
- Manufacturers are retooling factories to focus on EVs due to government mandates.
- Upcoming regulations require 50% of car sales to be EVs within five years, potentially reaching 100% within six to seven years.
- Impact on Car Pricing:
- With three million cars in inventory, expect potential discounts as dealerships work to clear stock.
- Are you seeing any discounts in your area?
- Consultation and Expert Advice:
- Remember, you can access live one-on-one consultations with licensed experts in various fields, including investigations, insurance, civil court mediation, real estate, business development, and more.
- For personalized advice, use the link below.
- Feedback and Questions:
- If you have questions or comments about this episode, leave them in the link below.
- For deeper insights and live interactions with experts, visit actualhuman.com.
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