Quote:
Originally Posted by pylon
I believe your looking at a 30-40% decline when the bubble bursts. 100k cars will be 60-70k. 50k cars will be 35-40k. At the bottom end with the 20-40k cars, it will likely be 10-20%.
I'll explain what has happened. [snip!]
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Awesome insight from someone in the know - thanks for sharing (and welcome back!)
What about the new car market though? Not sure if the 'floorplan' you speak of would affect new cars the same way as the used market. Can you foresee a return to sub-MSRP pricing? (heck I'm happy if it's *just* MSRP now with no BS $7,000 mandatory dealer package). I'm hearing chip shortages may ease by 2023. But I'm also hearing of various excuses or conscious decisions by the manufacturers that might constrain production levels.