Unveil Auto Industry Secrets: Best Time to Buy a Car?
Wealthion - Be Financially Resilient
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Navigating Auto Industry Challenges in 2024
The chapter delves into the complexities of the auto industry in 2024, discussing the increase in fleet sales over retail sales and the challenges of affordability for consumers. It explores the impact of rising interest rates on car sales, the need for lower-priced entry-level vehicles, and the fluctuations in inventory levels affecting pricing adjustments. The episode also covers the dynamics of the US car market, highlighting the surprising difference in interest rates between new and pre-owned cars, and the shortage of good quality pre-owned vehicles.
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