Rapidly rising interest rates have made monthly car payments more expensive for many buyers. At Adam Lee’s Jeep dealership, customers are seeing something they haven’t in years: lots of new cars.
But while supply is returning, higher interest rates are hitting demand and sparking concerns that 2023 could be another turbulent year for the car industry.
Photo Illustration: Adam Falk
0:00 Will 2023 be a boom or bust year for the car industry?
0:57 What rising car inventories could mean for the auto market
2:42 Why many vehicle prices aren’t exactly reasonable right now
4:25 What factors this year will affect car demand?
5:35 How 2023 could actually be a ‘sweet-spot’ year for the industry
#Car #SupplyChain #WSJ
I paid $16k for my 2013 Mazda 3 and I get and AVERAGE of 34mpg. Anything that isn’t getting me better MPG will never be worth more than $20k. There’s no reason to pay more – just to turn around and pay more again.
The prices are TERRIBLE!
70K FOR PICK UP?
Great selection of everything to rip you off and get the most out of u. DO NOT BUY. Let it crash and enjoy the savings later. Crash it. Do not pay MSRP, it’s inflated, do not pay mark ups. Be smart. Crash the prices by NOT buying.
Of course dealers will complain about interest rates. But if you interview manufacturers and clients, they will complain about dealers.
jeeps are 75% plastic who wants that junk..
Dealers need to go. The young generation will change that. They don’t need to go to a lot. They can get all the color and choices online. For manufacturers to compete dealers have to go. Otherwise, dealers will always keep them down with markups. They feel the $7,500 rebate for EVs are for them, not the customer. They simply markup the price to steal it.
I’m not paying 25k for a used 3 year old Camry with 50k miles on it
It seems like price-cutting isn’t in the cards for manufactures, so keeping supply low to keep the price higher. Not sure how long that can last.
No one is buying due to mark up’s
I love that dealers are blaming the manufacturers like they’re not the main problem.