Vacationing by car instead of going overseas, working from home instead of commuting, and to heck with mass transit.
Now it’s new vehicles, restaurants, energy. Game of Whac-A-Mole as some price spikes slow while others begin. But it’s a lot worse than it seems.
I’d say, prices at wholesale are still idiotic, but slightly less idiotic. Retail prices lag a month or two.
Frustrated by lack of choice and puffed-up prices, many customers walked.
Mass-forbearance is the best thing that ever happened to sweeping reality under the rug. But now, there’s a huge mess under the rug.
The explosion of per-vehicle gross profit shows why buying a car or truck now is nuts. But lots of people did though they didn’t need to: inflationary.
Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems.
All kinds of crazy spikes in used-vehicle wholesale and retail markets topped out, but by only a tad.
Toyota, pioneer of just-in-time inventory, goes: Hahahahaha…
The used vehicle price spike will subside, partially, but the psychological aspects of inflation have set in.