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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: 16707232" data-attributes="member: 190070"><p>If you average the 6 month collapse with the 6 month recovery the sales trend has not even been broken. </p><p></p><p>The big story is not actually covid but the average age of cars on the road. This got extended because of 2008. I am on my phone but IIIRC average age has historically been 7 years but was 12 years going into covid. </p><p></p><p>So you had 5 years of excess demand intersect with the government paying people to sit at home intersect with most other discretionary spending collapse. People are not going out to eat or on vacation and they need new vehicles = once in lifetime explosion of demand for cars. </p><p></p><p>All of the narrative in supply chain issues, chips, blah blah blah is noise. It is not a supply story. It is a demand story. Not that supply is not a factor but the predominant factor is demand. And this will degrade. It is econ 101.</p></blockquote><p></p>
[QUOTE="Klaus, post: 16707232, member: 190070"] If you average the 6 month collapse with the 6 month recovery the sales trend has not even been broken. The big story is not actually covid but the average age of cars on the road. This got extended because of 2008. I am on my phone but IIIRC average age has historically been 7 years but was 12 years going into covid. So you had 5 years of excess demand intersect with the government paying people to sit at home intersect with most other discretionary spending collapse. People are not going out to eat or on vacation and they need new vehicles = once in lifetime explosion of demand for cars. All of the narrative in supply chain issues, chips, blah blah blah is noise. It is not a supply story. It is a demand story. Not that supply is not a factor but the predominant factor is demand. And this will degrade. It is econ 101. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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