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Revealing the Truth About Used Cars and the Economy: Car Dealership Guy Interview on Lead-Lag Live

Lead-Lag Live

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The Current State of the Automobile Industry

In March was the first time in over 20 months where the average new car was sold at MSRP or below. We're just now getting into that point where it's been three years since we had lockdowns and shutdowns, right? And so, you know, used inventory is continuing to drop or at least available inventory, as I mentioned, roughly, we're right now down about 30% year over. On the use side though, so new side is looking pretty good, but the use side is not looking as good at all. All these forces together have just brewed this perfect storm, which I'm going through in real time right now. But what we're seeing is it's

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