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Cars and Transportation
Reply to "Car Bubble about to Pop"
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[quote=Anonymous]1. This morning snd normal market fluctuation. 2. There are virtually no new vehicles available to purchase on dealer lots without preorder. Subaru and Mazda hit the hardest. Volvo as well. 3. Supply chain issues will continue to exacerbate conditions well into 2023. The business model for new car sales is undergoing a seachange. Manufacturers have no business case for overproducing vehicles and then supporting sales and leases through lavish incentive programs. Same for dealers. Why should they finance a lot full of unsold vehicles when it’s more profitable to maintain de minimis inventory to be sold at MSRP or above. [/quote]
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