Are Car Prices Going To Fall?

"we're starting to see an increase of Supply which is putting some more pressure on dealerships to offer some additional incentives and some additional discounts to get people to buy their cars"

"car companies are struggling to turn a profit on EVs and number two they're facing a potential onslaught of Cheaper competition"

"Chinese consumers have increasingly turned to competitive domestic automakers like byd and the Gil group whose brands have sold 1.6 million vehicles in the market so far this year"

"these tariffs could add $3,000 to $10,000 to car prices"

"that's going to make 2025 very interesting because we don't know what's going to happen with the tariffs and then we don't know what the impact of those tariffs are going to be and we don't know how those specific tariffs are going to impact the car market"