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re: Car Dealerships have a 1 year backlog of electric vehicles.
Posted on 2/7/24 at 7:05 am to RiverCityTider
Posted on 2/7/24 at 7:05 am to RiverCityTider
I've also noticed some auto manufacturers are back to 0 percent for 60 months and $5500 rebates for some gasoline vehicles. It looks like they fully expect the Fed to drop the Feds fund rate by a lot before the end of 2024.
2
Posted on 2/7/24 at 9:11 am to Bass Tiger
quote:
I've also noticed some auto manufacturers are back to 0 percent for 60 months
They’re just hammering you with a fee to buy down the interest. There’s no such thing as interest that cheap right now.
Posted on 2/7/24 at 9:13 am to Bass Tiger
I read this week though that sales of EV's rose in the 4th qtr. So I do think they are selling them but just not at the rate they anticipated.
But I also think dealers have a lot of cars not moving on the lots. A year ago, lots were empty, especially the truck lots. Now they are filled up. This is why the financing deals are coming back.
Cars increasing in price by 30% the last 2 years is a big issue as well.
But I also think dealers have a lot of cars not moving on the lots. A year ago, lots were empty, especially the truck lots. Now they are filled up. This is why the financing deals are coming back.
Cars increasing in price by 30% the last 2 years is a big issue as well.
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