Quote:
Originally Posted by LDT
If the market craters it’ll be EV's which have been showing signs of weakness for some time. Ppl who wanted electric vehicles bought them. The rest of us want nothing to do with them.
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In the last few weeks I've gotten bombarded with emails, mail, etc. from my local BMW dealer about "year end specials." Which isn't all that out of the ordinary in normal times 2020 and earlier, the difference is all the specials are on EVs. A quick look at their new inventory....almost all EVs.
This seems to be a theme amongst all manufacturers who went all in on EVs and loaded up dealers. I don't see how dealers get out of this...EVs are different in that a large group of people won't be interested in them, at any price, due to external factors. So it's more than just a price issue to move them off their lots. We are going to see some major pain in the auto industry in 2024.