Quote:
Originally Posted by pwd72s
I've read reports of car manufacturers cutting back on production due to unsold inventory. One close to home example is when I posted some months ago of dealerships asking and getting additional dealer markups of $5-7K for the new '19 Bullitt Mustang. Today? Hundreds of them being offered across the land for $4-5K under sticker.
(edit) If you're totally into equities, I'd suggest a little asset reallocation in the interest of safety.
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Just saw and article about a very strong used car market. Probably has something to do with new costs going up. My good friend just bought a 2019 F150 ecoboost for about 40K. I saw a 2016 with about 40,000 miles for around 27K. I had to ask him "are you nuts!?"