Quote:
Originally Posted by mjr24
I mean, with the interest rates where they are….it was obvious they were going to go down. However, it still hasn't gone down very much given these circumstances.
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Bingo. Wages are somewhat flat/decreasing compared to inflation and most people Finance meaning they can only pay x dollars per month. If the interest rate increases that means you have to buy less car or the prices have to come down. Likewise that EV “credit” just causes the manufacturers to increase prices.