New-Vehicle Inventory Improves, Still Woefully Low. But Full-size Trucks Pile up. Many Fuel-Efficient Models out of Stock

by Wolf Richter • Oct 23, 2022 • 117 Comments

By brand & segment: Big incentives or interest-rate buydowns for pickups. But many Kia, Toyota, and Honda models essentially out of stock.

As the Bank of Canada’s rate hikes and QT goose mortgage rates, some practically funny price spikes are getting unwound very fast.

It nailed the top last November and it nailed the tops and bottoms going back at least to the 1990s.

Snap is a paragon of my Imploded Stocks. Meta, after tonight’s drop, is just a hair away.

Investors are also pulling back.

This chart is a warning for dip-buyers that think the bottom is in after each plunge. But the bottom isn’t in until the last dip-buyers get crushed.

And in terms of “housing shortage” or “underbuilding?” Well, we’ll just go ahead and sink that meme.

Deficits didn’t matter – until raging inflation brought the bond vigilantes back to life.

Holy-moly mortgage rates of 7% slash demand for new houses due to super-inflated prices, but prices are now coming down.

Wait a minute… Why would anyone buy the shares at any price given that, after 23 years, Mobileye still loses a ton of money?

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