#recession #yahoofinance
Yahoo Finance anchors Seana Smith and Dave Briggs spoke with Cox Automotive Chief Economist Jonathan Smoke about how trends in gas prices and declining car dealership sentiments are impacting car markets, plus the outlook for Carvana and car demand heading into 2023.
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Car dealers are going the way of candle stick makers and farriers. When auto companies figure out they can sell direct to customers on the internet and mobile phone apps and cut out the middle men to bring down their vehicle prices, these guys are going to be fighting for fewer and fewer jobs until used car dealerships are all that’s left.
RECESSION WITH HIGH INFLATION? PPI .3% revised from .2% and forecast was .2%
Core Inflation is .4% revised from 0% and the forecast was .2% Inflation is HIGHER.
Change in demand of housing reality in suburbs.