New car sales are falling off a cliff, down 9% in a month. New car inventory looks like a rocket ship.

Meanwhile new car inventory looks like a rocket ship t.co/xCj5YuJXlS pic.twitter.com/yvUdx69WGl

— Darth Powell (@VladTheInflator) July 10, 2024

People are not buying new cars:

People don’t have money
New Cars/trucks still so expensive (and increasing the last 5 years)
High interest rates
Harder getting a loan
etc

Dealers have 150 days supply
Dealers full of new unsold cars
Automaker (Dodge)selling new models at the same time 2023,2024 y 2025.

EV market is even worse, people would not buy another one.