23 Oct 2024 04:00
Episode 86: The Current State of the Automotive Industry
Excited to give you an official welcome back to The Straight Shift, with me, LeeAnn Shattuck, also known as The Car Chick. If you’ve been listening to the show since it launched in 2017, thank you so much for sticking in there. If you’re new here, welcome! In this episode I’ll be sharing an update on why the show went on a hiatus, how it impacted my business as a whole and the podcast. Beyond that, I’ll be sharing more on the current state of the automotive industry so we can set the foundation for upcoming episodes. When you listen, you’ll get an update on everything from lasting impacts of the chip shortage, if you should purchase a new, used, or leased car, and of course a short update on electric vehicles. What you do need to know is that we aren’t currently in a true buyer’s market, but you’ll learn the power that you do have. Listen today and subscribe to the show so you never miss our weekly episodes.
Topics:
- An update on where LeeAnn has been and what you can expect from The Straight Shift going forward
- A look back at the chip shortage and how it impacted the automotive industry in 2021 and created present day uncertainty
- Inventory vs. market day supply and how these two terms impact every day pricing and incentives set by dealerships
- Current issues plaguing Toyota from supply chain issues rooted in Japan to stop sales on select models
- More on Subaru shifting some of their manufacturing to the United States
- The current market for gently used and pre-owned cars, how leasing may be making a comeback (especially for EVs)
- Why we may see interest rates drop more toward the end of the year and how this will impact incentives and APR set by manufacturers
- A bit about LeeAnn’s course, The No BS Guide to Buying a Car and how she can support you in your car buying journey
You can view a full list of resources and episode transcripts here. Connect with LeeAnn:
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