#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
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Normalization of Vehicle Prices
I think to a lot of people, which you said five years to normalization. What the heck does that mean? Like, what is normalization? Do we get back to pre COVID price levels? Let's just a double click on that. There has never been a case that an increase in prices results in prices in the vehicle market going back to what they once were. The answer to that question is never at no point. And there is no question that we are supply constraint.
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