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

by

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.

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