Quote:
Originally Posted by SARAFIL
The big wildcard is what “new normal” will be for volume levels. Incentive spending is way down and they’re bringing in big margins right now. How much of that are they willing to give up, etc.
Do agree used car prices will correct but still not clear to me how big of a drop it’ll be. Really depends on how quickly they product enough excess volume to close the supply/demand disconnect from past few year+.
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I'd also expect that the appliance manufacturers will get to volume production a lot sooner than the top of the market.