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Strategies & Market Trends : stocks for medium & long-term hold durations
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To: rimshot who wrote (381)5/8/2023 9:22:52 AM
From: rimshot1 Recommendation

Recommended By
ajtj99

   of 426
 
more Americans are being priced out of the nation’s new car market .
Spending on new cars by the lowest 20 percent of earners dropped to
its lowest level in 11 years.

The average price of a new car soared to $48,008 in March 2023,
up 30 percent from March 2020, according to KBB

Message #381 from rimshot at 1/16/2023 10:26:30 AM

The time to buy Detroit auto stocks may be coming, but as
@StephenWilmot
explains, it's probably not right now -

t.co

excerpt -

The peak in the Manheim index at the beginning of 2022 coincided with the peak
in GM stock as investors started to anticipate the unwinding
of the pricing bonanza.
Detroit profits remained relatively robust last year as manufacturers and dealers
clung on to their newfound negotiating leverage, supported by weaker-than-expected production,
but signs of slippage are now emerging.

WSJ article behind the paywall
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