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#9 Why we still have vehicle shortages, new and used car price predictions, when we’ll get back to normal & that time CDG bought 50 Chevys at auction | Jonathan Smoke, Chief Economist, Cox Automotive
Car Dealership Guy Podcast
The Normalization of the Use Car Market
17 million is considered normal, right? 17 million new units sold per year. And we think it's going to be a struggle to get there because you've got these other issues that are still lingering on the supply chain such side. The movement to electrification means retooling of factories, the de-globalization, take some capacity out. You've got costs relentlessly going up on that side too That suggests that maybe we're going to be in a lower volume environment in order to address the fact that affordability has been reduced as well.
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