Car Prices Are Falling. Ford, GM Stocks Are Tanking

[ryan_j_naughton]

https://www.barrons.com/articles/ford-gm-stock-price-car-prices-c45469f1

[mydriasis]

Dunno. Sounds like a normal price correction after years of stock shortage due to lack of chips.

[johnny99k]

Nobody is interested in electric cars. Especially since the infrastructure just isn't there yet beyond traveling very short distances.

[JimtheCoder]

Maybe people are not thrilled about taking on 84 month financing with higher interest rates anymore? Just a guess?

[laweijfmvo]

Bailouts in 3, 2, 1...

[allears]

paywall.

[thulle → allears]

Stocks going down since prices aren't skyrocketing anymore.

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New- and used-car prices are up about 29% from the end of 2019, before the pandemic hindered production and reduced the supply of vehicles.

The prices for new and used cars are going down, if slowly. In July, prices fell 0.2% year over year, the third such decline in the past seven months.

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