Tuesday, November 27, 2018

Everyone is being super phoney today.

If you've been reading this blog you know that the car downturn has been building all year. And it's not because of tariffs - it's because of interest rates. Period.

They spent 8 years or so pulling demand forward with 0 interest rate loans. Now it's very expensive for car companies to give you a zero interest loan.

Every car lot I see is floating on cars!

Update - I would also like to add that almost every week now I see an auto dealership blow up. Just before Thanksgiving Momentum Auto group in San Jose started closing dealerships. Here. They closed 8 locations.

I saw another one this morning, but I lost the link. I'm sure it will come around again.

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