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Old 07-04-2024, 10:04 AM   #60
whynot
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Default Re: Vfacts March 2024

Quote:
Originally Posted by Sprintey View Post
In America the inventories are stacking up in the face of extremely high pricing:

https://www.youtube.com/watch?v=dfRuG26od1g

In Australia we're at record sales in the face of extremely high pricing
Yeah, Sprintey, I have noticed that as well. I think there are some complex economic interactions in play. Most automakers seem to have finally sorted out their supply chain issues. Unfortunately, timed perfectly with the US Feds interest rate rises starting to really bite into the US economy.

Toyota seems to be doing the best with its new car inventory in the US. But I am not sure if that is good management or good/bad luck. Toyota is still working its way though supply chain and IT issues (including a ransomware attack on its systems in Feb 22 and an undisclosed IT issue in Sep 23). Maybe the ball has curved Toyota's way this time around.

As for the Australian new car market ... I get the feeling that an economic crunch is coming.
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