From the same blog: vehicle sales are up 15% YoY
https://www.calculatedriskblog.com/2023/10/vehicles-sales-in...
Not necessarily a sign of health, but playing catcup with hisotrical trend.
https://www.calculatedriskblog.com/2023/10/vehicles-sales-in...
Not necessarily a sign of health, but playing catcup with hisotrical trend.
For new cars, there was a dealer/scarcity dynamic that seems to have allowed dealers to charge more than RRP, and consumers were paying it. I wonder if that has had an impact.
Definitely come down, but still quite elevated