re: Car dealers have so much backlog, some 2022s are "new"

quote:

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Also crazy they aren’t coming down on prices despite the cars sitting.

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I don't know if they can, both for the immediate losses and for the impacts on prices across the board.

That's why they have to pretend things are OK because if consumer confidence/expectations changes, it's going to get bad. That's why we've spent so many trillions of dollars the past 15 years to create artificial inflation to avoid those prices falling to a more natural status.