Sold It Yesterday?
But the R.L. Polk study mentioned in this article would seem to indicate otherwise. People are keeping their cars longer and not needing new ones as much as before.
That’s one more reason why the Detroit 3 and many other companies need to reduce capacity to get things back in line, balance supply and demand. Because as we’ve seen with the current situation it couldn’t last and now there’s going to be a lot of pain all around.