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SVTPerformance's Chain of Restaurants
Road Side Pub
New Norm: Less Dealer Inventory
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<blockquote data-quote="Weather Man" data-source="post: 16583017" data-attributes="member: 137766"><p>Had my F-150 oil changed today and walked the lot. This dealer used to have all F-150 courtesy vehicles, now all converted to small SUV. Pickup inventory was crushed compared to normal. </p><p></p><p>No shock that people may hold onto what they have to wait for better selection. I think that reality is starting to hit home. Could be a rough couple of quarters for the car biz. Used car auctions may get crazy again as dealers fight for inventory.</p><p></p><p><a href="https://seekingalpha.com/news/3664906-auto-dealer-stocks-fall-as-part-of-broad-auto-sector-decline" target="_blank">Auto dealer stocks fall as part of broad auto sector decline</a></p><ul> <li data-xf-list-type="ul">Auto dealerships stocks are having a hard time getting out of the way of the selling pressure in the broad auto sector.</li> <li data-xf-list-type="ul">Notable decliners include CarLotz (<a href="https://seekingalpha.com/symbol/LOTZ" target="_blank">LOTZ</a> -12.1%), Cars.com (<a href="https://seekingalpha.com/symbol/CARS" target="_blank">CARS</a> -4.0%), Vroom (<a href="https://seekingalpha.com/symbol/VRM" target="_blank">VRM</a> -4.3%), Driven Brands (<a href="https://seekingalpha.com/symbol/DRVN" target="_blank">DRVN</a> -5.5%), AutoNation (<a href="https://seekingalpha.com/symbol/AN" target="_blank">AN</a> -2.3%), LMP Automotive Holdings (<a href="https://seekingalpha.com/symbol/LMPX" target="_blank">LMPX</a> -9.7%) and CarGurus (<a href="https://seekingalpha.com/symbol/CARG" target="_blank">CARG</a> -3.7%).</li> <li data-xf-list-type="ul">Selling in <a href="https://seekingalpha.com/news/3664786-tesla-churchill-capital-pace-big-downturn-in-electric-vehicle-stocks" target="_blank">highly-watched names like Tesla, Nio, Churchill Capital Corp IV and Workhorse Group started yesterday.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16583017, member: 137766"] Had my F-150 oil changed today and walked the lot. This dealer used to have all F-150 courtesy vehicles, now all converted to small SUV. Pickup inventory was crushed compared to normal. No shock that people may hold onto what they have to wait for better selection. I think that reality is starting to hit home. Could be a rough couple of quarters for the car biz. Used car auctions may get crazy again as dealers fight for inventory. [URL='https://seekingalpha.com/news/3664906-auto-dealer-stocks-fall-as-part-of-broad-auto-sector-decline']Auto dealer stocks fall as part of broad auto sector decline[/URL] [LIST] [*]Auto dealerships stocks are having a hard time getting out of the way of the selling pressure in the broad auto sector. [*]Notable decliners include CarLotz ([URL='https://seekingalpha.com/symbol/LOTZ']LOTZ[/URL] -12.1%), Cars.com ([URL='https://seekingalpha.com/symbol/CARS']CARS[/URL] -4.0%), Vroom ([URL='https://seekingalpha.com/symbol/VRM']VRM[/URL] -4.3%), Driven Brands ([URL='https://seekingalpha.com/symbol/DRVN']DRVN[/URL] -5.5%), AutoNation ([URL='https://seekingalpha.com/symbol/AN']AN[/URL] -2.3%), LMP Automotive Holdings ([URL='https://seekingalpha.com/symbol/LMPX']LMPX[/URL] -9.7%) and CarGurus ([URL='https://seekingalpha.com/symbol/CARG']CARG[/URL] -3.7%). [*]Selling in [URL='https://seekingalpha.com/news/3664786-tesla-churchill-capital-pace-big-downturn-in-electric-vehicle-stocks']highly-watched names like Tesla, Nio, Churchill Capital Corp IV and Workhorse Group started yesterday.[/URL] [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
New Norm: Less Dealer Inventory
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