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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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<blockquote data-quote="Klaus" data-source="post: 16707130" data-attributes="member: 190070"><p>PS here is used auto prices and total new sales volumes in the US.</p><p></p><p>Here is new car sales. The grey areas are economic recessions. Car dealers thought things were permanent in the 2000s when ~17m cars/year were sold in the US for several years straight. People were taking out HELOCs and buying cars which can last only so long.</p><p></p><p>Then 2008 happened and annual sales were off by +60%. It took 10 years to get back to the sales volume of the mid 2000s. The parallels now are similar. Instead of HELOCs people have been spending their stimmy checks. The money will run out. It always does. When it happens it will take a similar amount of time to recover to the annual sales volumes that we are experiencing now.</p><p></p><p>[ATTACH=full]1731175[/ATTACH]</p><p></p><p>Here is used car pricing. We have seen 10 years of inflation in a single year. LMFAO at anyone that thinks that this lasts.</p><p></p><p>[ATTACH=full]1731181[/ATTACH]</p></blockquote><p></p>
[QUOTE="Klaus, post: 16707130, member: 190070"] PS here is used auto prices and total new sales volumes in the US. Here is new car sales. The grey areas are economic recessions. Car dealers thought things were permanent in the 2000s when ~17m cars/year were sold in the US for several years straight. People were taking out HELOCs and buying cars which can last only so long. Then 2008 happened and annual sales were off by +60%. It took 10 years to get back to the sales volume of the mid 2000s. The parallels now are similar. Instead of HELOCs people have been spending their stimmy checks. The money will run out. It always does. When it happens it will take a similar amount of time to recover to the annual sales volumes that we are experiencing now. [ATTACH type="full" alt="1639657128832.png"]1731175[/ATTACH] Here is used car pricing. We have seen 10 years of inflation in a single year. LMFAO at anyone that thinks that this lasts. [ATTACH type="full" alt="1639657551527.png"]1731181[/ATTACH] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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