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Car Prices Are Falling. Ford, GM Stocks Are Tanking
- laweijfmvo 3y agoBailouts in 3, 2, 1...
- mydriasis 3y agoDunno. Sounds like a normal price correction after years of stock shortage due to lack of chips.
- allears 3y agopaywall.
- thulle 3y agoStocks going down since prices aren't skyrocketing anymore. ---8<--- New- and used-car prices are up about 29% from the end of 2019, before the pandemic hindered production and reduced the supply of vehicles. The prices for new and used cars are going down, if slowly. In July, prices fell 0.2% year over year, the third such decline in the past seven months. ---8<---
- JimtheCoder 3y agoMaybe people are not thrilled about taking on 84 month financing with higher interest rates anymore? Just a guess?
- johnny99k 3y agoNobody is interested in electric cars. Especially since the infrastructure just isn't there yet beyond traveling very short distances.