Generation Mining Ltd T.GENM

New car sales

[IgnacioCashmere]

I have been driving all over the American South this Spring & what I see at the new car dealership lots is stunning. Most of the dealers in small & medium sized towns only have 15-20 cars on the whole lot. Big cities have more, maybe 40% of the lot is full, & the interstate dealers the most, they are the only full lots I see. I haven't checked the sales stats but new cars are plainly scarce. Dealers aren't in business to have a lot 20% full. It can only be the chip shortage which hasn't been alleviated a bit. Fewer cars manufactured means lower consumption of PGM's. $1500 Pd is still a good price for us, but man, people are spending money like mad & there just aren't enough cars being made. It's a bit troubling to see when the clout of automakers should have fixed this by now.

[Rainyday]

With a recession coming (if it's not already here) dealers were going to sell fewer cars over the next year anyway. It comes down to the math - if they sell fewer cars but do so at a much higher profit margin than normal (customers can't haggle and the cars are marked up more) they can do fine through the recession. In other words, there's no compelling incentive to solve the problem

[marcrobert]

i doubt it, demand far exceeds supply due to chip shortage and shipping. recession will be over and they still will be trying to catch up to deliver cars. demand is being pushed out right now, in evs as well as ICEs. waitlists for evs and hybrids have gone from 3 months to 24 months. hybrids use PD 

[AGTCTTWWWW]

This post has been removed in accordance with Community Policy

[marcrobert]

ok , go buy spam and dig yourself a cave so you can survive.

[AGTCTTWWWW]

This post has been removed in accordance with Community Policy

[oilsyd]

A family member recently ordered an electric vehicle in Ontario.  65000 dollars and one year later, they will receive a car.  I think electric vehicles are still at too high a price point for quick adoption.