AI
Friday, August 31, 2018 8:31:11 AM
used car prices going up ? that would be an exercise in stupidity !
with used car inventory totally overstocked,...
Around the world, finished vehicle inventories are creeping up. So is the current trajectory of the industry sustainable ?
https://automotivelogistics.media/intelligence/rising-inventory-stock-lots
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it would make more sense to focus on getting rid of the used cars.
i understand that many multiple brand dealers (Chev, Ford, Chry, Dodge,etc) have had to build lots to store their overstocked used car inventory. they are paying for that service and the more those used cars sit there accumulating charges it takes away from the profits. so they need to focus on selling these used vehicles.
most of the overstock is coming from individuals that turned in their car lease and didn't purchase it.
Glut of off-lease SUVs may slow new-vehicle sales
https://www.detroitnews.com/story/business/autos/2018/02/13/leases-used-cars/110392084/
with used car inventory totally overstocked,...
Around the world, finished vehicle inventories are creeping up. So is the current trajectory of the industry sustainable ?
https://automotivelogistics.media/intelligence/rising-inventory-stock-lots
~~~~~~~~
it would make more sense to focus on getting rid of the used cars.
i understand that many multiple brand dealers (Chev, Ford, Chry, Dodge,etc) have had to build lots to store their overstocked used car inventory. they are paying for that service and the more those used cars sit there accumulating charges it takes away from the profits. so they need to focus on selling these used vehicles.
most of the overstock is coming from individuals that turned in their car lease and didn't purchase it.
Glut of off-lease SUVs may slow new-vehicle sales
https://www.detroitnews.com/story/business/autos/2018/02/13/leases-used-cars/110392084/
invest at your own risk, based on your own due diligence, at your own risk tolerance
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