Gut Reaction:
- As vehicle prices have gotten insane since the RONA, higher interest rates and overall inflation: when possible, a significant # of people are postponing buying...
-- Those that can afford to buy new are higher side of average income, and more likely to buy Hybrid, EV and such
-- Those on the lower side of average income are certainly more likely to buy traditional ICE that are almost always lower cost
- Does this forecast include used vehicles?
- Similar to the first point; certainly more people are considering used than pre RONA... There are more ICE vs other in the used market... Again, used vehicle purchasers are looking at lower cost and will be inclined to buy ICE