Auto Industry at Crossroads: Sales Remain Steady Amidst Rising Rates and Margin Compression Challenges

The car market in a nut-shell:

1) Interest rates at 20-year highs.

2) Consumer savings depleted.

3) Vehicle prices slowly normalizing (with some exceptions).

And yet… sales volumes are fine.

The real looming issue in the industry right now?

Undoubtedly margin compression.…

— CarDealershipGuy (@GuyDealership) November 21, 2023