Here's WHY the Car Market might not EVER recover...

#toyota #honda #hyundai #kia #nissan #subaru #mazda

The automarket might not ever fully recover. Since 2020, new car buyers have been given little choice but to wait months, even years to get their brand new vehicle. What’s worse, new cars cost more than ever. Rising material costs are one thing but the low supply has allowed manufacturers to incentivize as little as possible. To add salt to the wound, getting cars below MSRP is now but a myth. Dealership profits are at an all-time high while selling less cars as they don’t need to keep a big inventory on the lot, and they can get away with charging a premium to desperate customers. Today we’ll discuss the near-term future of the auto industry, and the slow return of the market as we knew it.

Sources:
https://www.autonews.com/sales/toyota-exec-sees-us-sales-recovering-15m-2023
https://www.statista.com/statistics/199983/us-vehicle-sales-since-1951/
https://www.autonews.com/sales/most-asian-automakers-report-us-sales-surge-november
https://hondanews.com/en-US/honda-corporate/releases/release-4e58b4e0fcd795affa5685a66a00ab49-american-honda-november-sales-led-by-all-new-models
https://news.mazdausa.com/2022-12-01-Mazda-Reports-November-Sales-Results
https://media.subaru.com/pressrelease/1991/117/subaru-america-inc-reports-november-2022-sales-increase

00:00 - Will the car market recover fully?
03:46 - Big recovery happening
07:13 - Pricing and incentives
07:49 - Honda/Acura
10:01 - Mazda
11:47 - Subaru

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