ilmscore | Prediction Details
"I'm here to tell you there's a Day of Reckoning coming for all these automakers okay and the reason being is when I looked out there and I saw that inventory that's sitting on these Lots this is going to weigh on those companies numbers in 2024 because you can only send these dealers so much inventory before they start to say we can't move this crap and guess what dealers start having to do they have to start discounting heavily when you start discounting heavily you start losing obviously pricing power right and that's when the dealership Network says you guys are loading us up with way too much inventory we can't move this inventory that you think we can move we're having a discount which is going to have to Discount even future models right and we can't move this crap and so unless magically all these dealerships that are loaded... these guys are going to be feeling the pain very shortly here and wait to see the numbers from these guys in the back half of the year when the dealers ship start kicking up a thing and say quit freaking sending us inventory we can't even move what we got it's going to be an issue now"
By Financial Education | April 15, 2024 | Pending
From video
I Sold This Stock… 00:11:21 - 00:12:53
Interpreted Prediction
Traditional automakers (Ford, Chevy, Jeep, Nissan, Honda, Toyota, GM) will face a 'day of reckoning' in 2024 due to excess inventory, leading to heavy discounting, loss of pricing power, and negative impact on their numbers, especially in the back half of the year.

Prediction Details

Topic
Auto Industry

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