Ryan Felton
speaker
131 appearances
3 recordings
1 series
first heard May 2022
last heard Nov 2024
Ryan Felton’s voice in public audio — every appearance, attributed to the second.
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Appearances
A lot of analysts have thought how many buyers out there could really pay for or want to pay an average price of $40,000 to $50,000 for a car.
But we're still just seeing that there are plenty of people who have the means or have the ability to finance cars or who are still more than willing to.
And, you know, given that supply is still tight, I mean, we're still at around, I think, half of what there was prior to the pandemic, prices are still elevated.
Yeah, but if you talk to dealers across the board, they're saying we're definitely getting more product from the basically zero amount of cars they had during the pandemic.
But most of them are still looking forward to getting more supply.
There's still plenty of cars that are being pre-sold before they even hit the lot.
Eventually.
There are more deals to be had now compared to before the pandemic.
That's kind of the theme here.
But it's slow going.
Leasing represented about one third of
of all customers getting into a new car, they opted for a lease instead of buying or financing it.
That number dipped below 20% for the last few years and only recently just climbed back over 20%.
So it's still significantly depressed compared to what we were seeing before the pandemic.
And companies still are dealing with lower inventory, and so there's less incentive to open up those leasing promotions.
So leasing deals still, while in some cases are better than financing, or at least just better in the sense of being more affordable, they're still just not as commonplace as they were.
Used cars were turbulent and chaotic for a while.
And inventory, like new cars, inventory for used cars is still quite depressed.
The drop in sales was something like $2 million less year over year.
One of the reasons for that is that smaller number of leases.
Showing 41–60 of 131 · page 3 of 7
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