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by kurthr
1203 days ago
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Rapidly rising interest rates have hit payment sensitive car loans first (since they are shorter than housing and the collateral is harder to collect) and there was already a collapsing COVID bubble in prices due to supply chain disruptions. They likely won't sell as many cars at relatively high margins over the next few years as they were planning on so they're looking to cut costs. |
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To judge by the venting of a car-buff coworker, who needs to buy a slightly-affordable car for his son, the days of lower volumes & margins on cars may be a bit further out.