Powered by price increases.
CPI inflation remains at 12-year high.
Everyone loves more free money. But EVs can stand on their own four wheels, so to speak. Let competition force innovation on automakers.
The average transaction price for new vehicles spikes to $41,000.
The explosion of demand that cannot be filled in the most monstrously overstimulated economy and markets ever.
Over-stimulated demand, tangled supply chains: shortages for some, plenty of supply for others.
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.