The Auto Industry’s Take on the Economy

Jan 26, 2023 | Nobull Premium

Sales of big-ticket items like cars and houses are certainly pressured by the current economic conditions. Sales of new cars remain -17% pre-covid levels even as supply comes online at the same time used car sales are falling off the cliff. Consumers seem to be allocating financial resources that used to pay for housing & transportation to necessities like food & affordable luxuries for the time being.

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