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Join Wealthion Host James Connor and Brian Sponheimer, Portfolio Manager at Gabelli Funds, for an in-depth analysis of the auto industry's current trends, economic implications, and what investors should be watching in 2024.
From the impact of the overall auto industry, what trends we should expect from EVs and autonomous vehicles, to the latest on what’s happening within the used car market. Sponheimer also shares his insights on vehicle affordability and investment opportunities. This episode conversation provides the perfect overview for anyone interested in understanding the auto sector's current influence on the economy and what current trends in the industry can tell us about the economy in 2024.
Timestamps:
00:48 - Economic Concerns & Outlook
03:03 - Importance of Auto Industry to U.S. Economy
07:59 - American Consumers & Pandemic Pricing
10:25 - New vs. Used Car Market
13:28 - Dealership Margins & Consumer Deals
17:41 - The Rise of Electric Vehicles (EVs)
21:54 - Maintenance Costs & EV Challenges
24:52 - Tesla's Pricing Strategy & Industry Effects
28:03 - Autonomous Driving & Ridesharing Trends
32:23 - Dealer Consolidation & Consumer Benefits
37:05 - Online Car Buying Tips & Transparency
39:44 - 2024 Auto Industry Forecast & Economic Impacts
42:54 - Leasing vs. Buying: What's Best for Consumers?
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