#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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The Disconnect Between Supply and Demand
We had $4 trillion in stimulus put into the economy where at zero interest rate policy for the Fed to keep the economy going. Then we had the invasion of Ukraine and a series of things last year that basically caused the ability for new vehicle production to just bounce back. And so the end result has been this disconnect between supply and demand. We're still not back to that level of production that would cause even the new car market to be at equilibrium withsupply and demand.
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