Rusty West Opinion – Automotive News
Newton’s Third Law of Motion, which states that for every action there is an equal and opposite reaction, is being demonstrated in the automotive industry as supply chain issues have led to low vehicle inventory levels, resulting in high demand and near all-time high profits for dealers and manufacturers. However, this action is leading to an opposite reaction as repossession rates rise and the value of used vehicles falls, potentially leading to a used car market tailspin. The automotive industry is facing a period of complex new vehicle transactions, but there may be a silver lining in the form of short-term leases, which offer benefits for consumers, manufacturers, lenders, and dealers.
To learn more about the potential effects of this phenomenon on the automotive industry, read the full article here:
