Is the CAR Bubble About To BURST? We are About To Get Screwed!

As car prices increase, are they at the top and will prices decrease soon? The car bubble will have to burst at some time or are prices still increasing. We are about to get screwed and the prices of cars are going to go up. Car buying is not what it used to be, as shoppers find bare lots and inflated prices. The auto market is still short on supply and high on demand. Beyond the chip shortage there are shortages in tires, wiring harnesses, and plastic components. The new government regulations are not helpful either. One dealer I spoke to has new cars in their lot but are not sellable because they are missing inner wheel houses or microchips for safety features or the center screen. In conversations with many automakers, they don’t see any relief of these supply chain issues until 2024. This is the result of off-shoring components to China and other countries. The result is higher vehicle prices and limited supply of vehicles. If you have additional questions, put them in the comments below and I'll be happy to answer.

0:00 Is the #car Bubble About To BURST? We are About To Get #Screwed #price
1:02 Facts
2:02 new car prices @Kelley Blue Book
2:53 selling used cars now
3:26 rising interest rates
4:08 paying more for cars
5:17 Cars are getting more expensive

If you have additional questions, put them in the comments below and I'll be happy to answer.

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