Joe Pinsker

speaker

1,247 appearances 30 recordings 1 series first heard Oct 2022 last heard Jan 2025

Joe Pinsker’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · What Giant Red Bows May Tell Us About Holiday-Season Car Sales · 22 Dec 2022 podcast

But I talked with some bow makers and sellers and heard from a few of them that sales are down this year pretty steeply. voice-verified

And if we think about a drop-off in the sales of bows, you could maybe interpret that as a sort of economic indicator that maybe there will be a drop-off in the number of cars given as gifts in a few days for Christmas. voice-verified

So there are plenty of affordable options. voice-verified

The industry bestseller is one that sits on the hood and maybe sells for about $35. voice-verified

And you can get fairly nice bows for two or three times that price. voice-verified

But the high end of the market is really something. voice-verified

At one company I talked with called King Size Bows, they sell a premium bow for about $700. voice-verified

And if you add an additional four loops to it, that gets you to $800. voice-verified

Yeah, it seems about right that at a time when car prices are really quite high, people may not want to spend the extra money for a bow on top. voice-verified

Yeah, what we see with bow sales, if they are in fact down, would be reflective of trends overall in the auto industry. voice-verified

Basically, year to year, car sales are down, and also dealers' inventories have been pretty low because of supply chain issues. voice-verified

So that means that you just have fewer cars on the lot to stick a bow on. voice-verified

And you know, JR, what we might call a bow session could be the result of car sales data that we're seeing. voice-verified

According to J.D. voice-verified

Power, U.S. voice-verified

car sales are expected to reach about 13.7 million by the end of the year. voice-verified

And that's down from a number of 14.9 million last year. voice-verified

The bow to car ratio, you know, isn't necessarily one to one. voice-verified

The Lexus dealer I was talking with made the point that when people buy gifts for loved ones, it's often for their spouse. voice-verified

However, it's not really often a surprise as it is in the commercials. voice-verified

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