Posted on 03/26/2023 8:25:40 AM PDT by CFW
All new vehicles become used cars and trucks once they're sold.
It's an obvious statement, but one that needs to be laid out to explain the root cause for ongoing inventory and pricing issues in the U.S. used vehicle market, which has been a barometer for the country's inflation levels.
During the onset of the coronavirus pandemic in early 2020, automakers shuttered factories for weeks to stop the spread of Covid-19. It was an unprecedented action that eventually led to additional supply chain problems, such as an ongoing semiconductor chip shortage, causing factories to cease production again for weeks, if not months, at a time in recent years.
(Excerpt) Read more at cnbc.com ...
Can’t afford gas for your car? Buy a $70,000 EV!
Thanks, but I’m angling to keep BOTH my house AND the car when it’s done. LOL!
That sounds really nice.
I’m enjoying the journey.
BTW, look up David Vizard’s channel on YouTube. After six decades building racing engines, he’s supplementing his several books with videos on specific performance topics. He’s an elder gent, now, and his pace can be a little slow, but it’s priceless info from a true guru whose proven it all on the track.
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