All jokes aside, I've seen inventory improve slightly on certain models the past 3 weeks. Not sure if this is due to the 2023 model year or people starting to see the light. Regardless, short of an actual depression that none here have ever experienced, prices won't free fall on new vehicles. Incentives will get more gooder, prices might retract (slightly), but you'll still walk funny after the deal is done and you're headed home.
YMMV
After the local dealer told us about folks trying to sell,
We were in another and I ask him about inventory.
He said they are getting a good flow, not enough to stock much but
they were moving a good number monthly. In and out.
He says he doesn't foresee the days of big stocking dealers coming back.
Acres of asphalt are expensive. People keeping those cars clean are expensive.
The floor plan?😣😣😣😣😣
He represents 7 dealerships. Their floor plan costs were in the million$ pre-covid. That is a hell of a lot of cars sold just to pay interest on having cars to sell. Even with fewer sales now, their profits are way higher.
