It's a strange time in car world. Ford has inventory again and is starting to shave $$ off MSRP and lower interest rates, GM is about the same, sales for both brands in my area are strong. Stalantis has nearly no 2023's on ground (my large local dealer has 43 2022's and exactly 4 2023's in stock) these guys are really hurting for sales. Toyota dealers are sold out for the entire calendar year for the most part already on hot models. Honda has zip for new inventory still. The koreans have no trouble moving their entry level products but seem to be having problems selling their more expensive SUV's. The luxury brands are slow (save for Lexus) Teslas are a absolute dumpster fire in the used market, people are trading in and dealers can't hardly give the things away. Some aren't even getting bids at auction, or the bids are 10-40K+ less than ask. Anything PHEV is in high demand. Anything BEV is sitting. Saw a "no sale" of a Lightning Lariat the other day for $91,800...same truck was $110,000+ in september. High end diesel trucks were dismal in Nov/Dec but for some reason have picked back up and gained lost value in January. People are buying again, the shock of 8+% APR's seems to be fizzling out?
I see the numbers daily and can't even try to predict what 2023 will bring. Everyone is just trying to roll with the punches at this point.
