Thoughtful Money with Adam Taggart
Are Car Prices Headed Down? | Yossi Levi
May 30, 2024
Auto expert and car dealership owner Yossi Levi shares key trends in the car market including the impacts of rising interest rates, challenges in the auto industry, scarcity of affordable vehicles, and the shift towards hybrid cars. He also discusses the disruptive impact of privateauto.com on car sales and strategies for building a successful automotive media company.
59:32
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Quick takeaways
- Affordable options like the Ford Maverick under 30 grand are crucial in the auto market.
- Different brand trajectories impact supply, pricing, and consumer demand in the automotive industry.
Deep dives
Impact of Rising Prices on Automakers
Automakers found themselves with vehicles that were more expensive than what people could afford due to rising rates. In response, they shifted away from cheaper options assuming a perpetual good market. The need for affordability became crucial, leading to the success of models like the Ford Maverick under 30 grand, highlighting the importance of creating affordable options.
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