I listen to Adam Taggart's thoughtful money just about every episode. I listen in the car via spotify but this is the same episode . Its usually about stocks and bonds not cars, but I thought this might be interesting for some here. Mr. Taggart is a great interviewer.
I am not sure its worth the hour, so Spoiler alert, according to the guest:
Predicting the future is hard, so not saying I believe him, but it at least seems plausible.
Enjoy.
I am not sure its worth the hour, so Spoiler alert, according to the guest:
- Car manufacturers stopped making the cheap stuff, figuring times would always be good and gas cheap. Now they have too much high price inventory - especially a couple US OEM's
- Used car prices will start rising again soon, no late model used supply due to low volume of sales in 2021, 2022. Old car prices will go back up
- Best deal currently are used EV's if you want one.
- He believes leasing will return in force to save the dealers (and debt enslave the buyers) - I added that last part myself
Predicting the future is hard, so not saying I believe him, but it at least seems plausible.
Enjoy.
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