#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
00:00
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.
Transcript
Play full episode
