The car market and the endless opinions

[Flagship1]

A quick search on any social media platform, and the headlines read "cars and trucks are too expensive", "historically high interest rates curb new vehicle sales", and "Mfg XYZ just announced they are closing their doors".

Have sales of profitable models/marques really slowed down or are the negative nancys just clickbaiting the naive public into believing select bad products/marques are indicative of the market as a whole?

Incentives have gone up from absolutely zero and atp has decreased, but they're still nowhere near pre-2020. Whats your take?

 

[johifo]

A quick search on any social media platform, and the headlines read "cars and trucks are too expensive", "historically high interest rates curb new vehicle sales", and "Mfg XYZ just announced they are closing their doors".

Have sales of profitable models/marques really slowed down or are the negative nancys just clickbaiting the naive public into believing select bad products/marques are indicative of the market as a whole?

Incentives have gone up from absolutely zero and atp has decreased, but they're still nowhere near pre-2020. Whats your take?
A quick search on any social media platform, and the headlines read "cars and trucks are too expensive", "historically high interest rates curb new vehicle sales", and "Mfg XYZ just announced they are closing their doors".
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Have sales of profitable models/marques really slowed down or are the negative nancys just clickbaiting the naive public into believing select bad products/marques are indicative of the market as a whole?

Profitable models are still selling, just not at peak 2021–2022 levels. The market’s correcting, not collapsing. High interest rates and prices have slowed some segments, but incentives are returning and ATPs are easing slightly. Headlines often exaggerate—it's not all doom.

 

[mikeavelli]

It seems to really depend on the brand and model. It sounds like Lexus has 3 days supply and can’t make enough vehicles as people are scared prices will rise. Incentives are dropped significantly.

On the other end Tesla has 0% financing being offered and like $349 a month on a model 3. Hummers have like 20k off and lease deals. etc

It just all depends. I do believe projections were the car industry was on pace for 16 million units here until the new administration turned things upside down.

It just really shows it always begins with PRODUCT and if you have a good one and a good brand people will buy.

 

[johifo]

It seems to really depend on the brand and model. It sounds like Lexus has 3 days supply and can’t make enough vehicles as people are scared prices will rise. Incentives are dropped significantly.

On the other end Tesla has 0% financing being offered and like $349 a month on a model 3. Hummers have like 20k off and lease deals. etc

It just all depends. I do believe projections were the car industry was on pace for 16 million units here until the new administration turned things upside down.

It just really shows it always begins with PRODUCT and if you have a good one and a good brand people will buy Fox News.

thank you so much for your suggestion