Yeah, I understand that and not discounting anything here except the fact in this case it is not the consumers causing a negative number, its the lack of supply.The technical description of a recession is two consecutive quarters of negative GDP of which we already have the first quarter of 2022 in the books as such. But that is meat for the financial media. These numbers come out of the same minds that say inflation is only 8%.
Im CONSTANTLY amazed at some huge car dealers here. Chevy, Toyota and Honda. The lots used to be PACKED with cars and trucks. The reason I am so amazed is I still can't get in my head every time I pass their huge lots that used to be packed with vehicles and I MEAN PACKED, I was always amazed, like, where do all these buyers come from *LOL*
But the lots are empty now, I mean really empty!
All of them used to have in varying ways, vehicles in a fancy way staked up on display, or the roofs of the buildings or just plain lined up out of the parking lots and onto the lawns. For years, years and years since we moved here 16 years ago.
Now? Nothing and I mean, in most all cases nothing on the lots. I still can't get over it, so that tells me something, consumers got the money but there is no product, at least in this part of the country.
I also know for fact. My son works for BMW, the assembly lines for all their X cars run, like non stop, turning out amazing numbers of vehicles non stop, can't catch up.
AGAIN, just my little part of the world here, rest of the country, maybe its not the same? If not, why is there nothing to sell here?
BTW - Much of the boating sales here are the same, right now stocked up but if like last year, they get wiped out then nothing left to sell, it never used to be like that.