Time to Buy the Banks? And What’s The Fed’s Next Move 3/20/23
CNBC's "Fast Money"
00:00
The Auto Industry Is at a Crossroads
We are at a bit of a crossroads for the auto industry as they edge back towards normal and normal being pre pandemic, pre supply chain, chip shortages. What we see at dealerships, it's 41 days supply of 49% compared to July when it hit its low point of 26 day supply according to JD power. This is an industry with a bad track record of showing discipline because all it takes is one or two automakers to say, keep pumping, keep moving the metal. And then you see the incentives move higher for the auto dealers.
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