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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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<blockquote data-quote="VRYALT3R3D" data-source="post: 16707519" data-attributes="member: 131770"><p>It is okay to be in denial.</p><p></p><p>New car prices won't being going down anytime soon.</p><p>Consumer tastes are changing from entry level vehicles to higher end SUVs and trucks. The ATP is up significantly. Automakers have boosted its return on sales profits significantly during the pandemic. Cars are about to be far more complex with ADAS, connected, and BEV vehicles coming to the market. The days of lots with huge inventories and large incentives to clear the lot are long over.</p><p></p><p></p><p>BMW and Daimler pledge to keep prices high when chip crisis ends</p><p>Two of the world’s biggest carmakers plan to restrict supply and push their luxury models</p><p></p><p>“We will consciously undersupply demand level,” Harald Wilhelm, Daimler’s chief financial officer told the Financial Times, “and at the same time we [will] shift gears towards the higher, the luxury end.”</p><p></p><p>[URL unfurl="true"]https://www.ft.com/content/f55a1d96-1146-4e17-88a9-1a0fbaf57de6[/URL]</p><p></p><p>[URL unfurl="true"]https://mediaroom.kbb.com/2021-10-13-Average-New-Vehicle-Transaction-Prices-Top-45,000-for-First-Time,-According-to-Kelley-Blue-Book[/URL]</p></blockquote><p></p>
[QUOTE="VRYALT3R3D, post: 16707519, member: 131770"] It is okay to be in denial. New car prices won't being going down anytime soon. Consumer tastes are changing from entry level vehicles to higher end SUVs and trucks. The ATP is up significantly. Automakers have boosted its return on sales profits significantly during the pandemic. Cars are about to be far more complex with ADAS, connected, and BEV vehicles coming to the market. The days of lots with huge inventories and large incentives to clear the lot are long over. BMW and Daimler pledge to keep prices high when chip crisis ends Two of the world’s biggest carmakers plan to restrict supply and push their luxury models “We will consciously undersupply demand level,” Harald Wilhelm, Daimler’s chief financial officer told the Financial Times, “and at the same time we [will] shift gears towards the higher, the luxury end.” [URL unfurl="true"]https://www.ft.com/content/f55a1d96-1146-4e17-88a9-1a0fbaf57de6[/URL] [URL unfurl="true"]https://mediaroom.kbb.com/2021-10-13-Average-New-Vehicle-Transaction-Prices-Top-45,000-for-First-Time,-According-to-Kelley-Blue-Book[/URL] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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